CGST Ludhiana uncovers ₹311 crore fake GST billing scam in iron and steel sector, father-son duo arrested

A major manufacturing company in the iron and steel sector was found involved in availing bogus GST invoices and utilising ineligible Input Tax Credit (ITC) amounting to ₹47.50 crore to offset its GST liabilities, thereby causing a significant loss to government revenue.