Mumbai Trader Arrested for ₹10 Crore GST Scam via Fake Cement Firm

A Mumbai trader has been arrested in connection with a "₹10 crore GST scam involving a fake cement firm." The individual allegedly used a bogus company to generate fraudulent invoices and claim illicit Input Tax Credit (ITC) without any actual supply of goods or services. This arrest is part of a broader crackdown by GST authorities on sophisticated tax evasion networks that exploit loopholes to defraud the government, signaling intensified enforcement efforts to curb such economic offenses.