(G.N.S) Dt. 02 Mumbai 2 businessmens Shailendra Jayantilal Khona from Mulund and Rakesh Boob alias Lakhan from Bhayander were arrested by anti-evasion wing of GST for fraudulently availing input tax credit of Rs 76 crore based on fake purchases. A businessman can cut his tax liability by claiming credit to the extent of GST paid on purchase. Traders often submit fake invoices or purchase bills to claim credit. Khona has
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