The officials of Bhiwandi Commissionerate of CGST Mumbai Zone have arrested the proprietor of Bswar Industries who was involved in availing and passing on of fake Input Tax Credit (ITC) of Rs 14.4 crore using bogus bills of Rs 73 crore.

Acting on intelligence shared by the Central Intelligence Unit (CIU) of CGST Mumbai Zone, an investigation was initiated by Anti Evasion officers of the Bhiwandi Commissionerate.