The Anti-Evasion wing of Central Goods and Services Tax (CGST), Mumbai South on Saturday arrested the partner of a firm named Rushabh Bullion, a trader of gold and silver articles for allegedly availing fake Input Tax Credit (ITC) amounting to Rs 7.11 crores from fake/non-existent entities.

As per a release from CGST Mumbai South, the accused was produced before Additional CMM Court, Mumbai today and has been sent to judicial custody for two weeks. The investigation, in this case, was undertaken based on inputs provided by the Central Intelligence Unit (CIU) of Mumbai Zone at the Zonal Headquarters headed by the Principal Chief Commissioner.