Officials of the Central Goods and Services Tax (CGST) in Navi Mumbai have arrested a company owner and his aide for allegedly availing and passing on fake input tax credit to the tune of Rs 20.96 crore, an official said on Friday.

The CGST officials had on Wednesday arrested the proprietor of two companies "Storage Miles and Catbus", while his accomplice was also subsequently nabbed in connection with the irregularities, the official said.