The Directorate General of GST Intelligence (DGGI) has arrested a supplier of fake invoices and detected fraudulent transactions of Rs 55 crore, an official said on Friday.

After a series of searches at the premises of a prominent manufacturer in the iron and steel sector as well as its suppliers, the racket, which involved fraudulent Input Tax Credit (ITC) of Rs 11.09 crore, was busted, the Nagpur zonal unit of DGGI said in a release on Friday.