GST officials have arrested a person for passing over ITC over Rs.50Crore. The Directorate General of GST Intelligence (DGGI), Pune Zonal Unit, has arrested Tusshar Ashok Munoat. He used to generate fake invoices on commission basis or ineligible ITC availment. Munoat owns M/s Rutu Enterprise and a few other companies such as M/s Reise Enterprises, M/s Namo Enterprises and M/s Patil Contractor, and used to trade fake invoices to earn commission benefit. He has been produced before Magistrate who has rejected his bail application and remanded him to judicial custody till November 2.
