Mumbai GST fraud: 2 directors arrested; Rs 50 crore evasion uncovered

The SGST department in Mumbai has arrested two company directors for allegedly claiming fraudulent Input Tax Credit (ITC). Yashwant Kumar Tailor, Director of M/s Magic Gold Bullion Pvt. Ltd., is accused of availing ₹30.51 crore in ITC on fake invoices. Om Jay Ramrakhiani, Director of M/s RFIC Trading Pvt. Ltd.

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