In a major Anti-Evasion drive by the Central Goods and Services Tax (CGST) launched by Mumbai Zone, the Thane rural commissionerate on Wednesday arrested a charted accountant for allegedly generating fake input tax credit (ITC) of Rs 92 crore involving fake invoice of more than Rs 500 crores without actual receipt of goods.  

According to CGST, during the course of investigation, it was revealed that the fraudster had used the identity of a homemaker to create a firm called M/s. Shraddha Electrical located at Ambernath, Thane. The agency also found that a group of persons, including arrested chartered accountant were engaged in fake ITC generation racket and had passed on the same without any movement of goods.