Two arrested for alleged GST fraud

In what could be the first arrests under the Goods and Services Tax (GST) regime, the Central GST, Mumbai has arrested the directors of two companies for allegedly availing of tax credit in a fraudulent manner. CGST Mumbai Central Commissionerate arrested Sanjiv Pravin Mehta, director of Shah Brothers Ispat Pvt Ltd, and Vinaykumar D Arya, director of V N Industries, for availing of "ineligible cre…