Ludhiana Businessman Arrested in Rs 9 Crore GST Fraud

• Ludhiana businessman Rohit Gupta arrested for alleged involvement in a Rs 9 crore GST fraud.
• The fraud involved MAA STEEL issuing fake invoices for HR/CR coils and strips without actual goods supply.
• The network passed on over Rs 9 crore in input tax credit, causing significant loss to the state exchequer.
• Investigation widened to include cycle parts manufacturers suspected of improper export refund claims.
• An excise and taxation inspector dismissed for prolonged unauthorized absence; four other employees terminated for similar misconduct.