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Mumbai: The Maharashtra State Goods and Services Tax (GST) department on Wednesday arrested Sahil Lakhani, director of Palghar-based Shree Sushma Ferrous Alloys Pvt Ltd, for allegedly availing fraudulent input tax credit amounting to Rs 30.5 crore through fictitious transactions.
Investigations showed that the company claimed credits on transactions worth Rs 170.3 crore without the actual supply of goods, said officials. tnn
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