Kolkata: The Kolkata zone of the Goods and Services Tax has arrested a businessman on Monday and unearthed a large racket that has been running a nexus of sham companies and usurping input credit tax (ICT) fraudulently. The person, officials said, had defrauded the govt of approximately Rs 9 crore by raising fake ICT bills. Earlier last month, the GST officials had arrested a Durgapur based businessman and came across a large network of fake companies running operations from the state. After the man was arrested, GST officers started looking into his call details . That led the officers to yet another person. During the probe, GST officials found out that the racket was structured and the mode of operation was set by a person who defrauded the govt of Rs 9 crore.The person was operating with a network of nearly 150 fraudulent companies, gave fake documents and claimed ICT. According to GST Kolkata sources, the person arrested on Monday was one of the key persons running the operation while the kingpin is on the run.
