Mysuru: A city-based industrialist has been arrested by the GST (Goods & Services Tax) authorities on charges of tax fraud this morning.
Anil Mehra, 59, proprietor of Spectra Pipes in Hootagalli Industrial Area, is the one who is arrested. Anil Mehra is said to have earned an Input Tax Credit of Rs. 7.5 crore, by submitting fake invoices of purchasing raw materials worth Rs. 40 crore. After getting the Rs.7.5 crore Input Tax Credit, Mehra is alleged to have fraudulently used this credit for despatching finished materials to buyers, in gross violation of GST rules and regulations.
