The Mumbai Zonal Unit of Directorate General of GST Intelligence has busted a major ITC refund fraud case and arrested one person.<br />'' <br />''He was controlling and operating seven companies and fraudulently availed Input Tax Credit (ITC) without any supply of goods and services.<br />'' <br />''It was done using bogus invoices and claimed Rs. 118 crore as refund against exports.<br />'' <br />''As per the release, Pune resident Santosh Doshi was arrested on Tuesday and has been remanded to judicial custody.<br />'' <br />''He is a habitual offender and has also been arrested previously in 2016 by Mumbai Customs.<br />'' <br />''He had created several dummy units in Jharkhand and West Bengal on the basis of forged documents.<br />'' <br />''They passed on the said bogus ITC to several shell trading firms acting as intermediary entities situated in Chhattisgarh.<br />'' <br />''Further, several units were created as exporting fronts at Pune and Mumbai to whom units from Chhattisgarh supplied fictitious goods purported to be exported.<br />'' <br />''<span style="color: #222222;">The exporting units were created merely for the purpose of availing refund in a fraudulent manner.</span><br />