<h1>Individual arrested for allegedly orchestrating Rs 47.32 crore GST input tax credit fraud using fake suppliers and forged records</h1> A person was arrested in Thane district for allegedly orchestrating a Goods and Services Tax input tax credit fraud totaling Rs 47.32 crore by claiming and passing on ITC without actual supplies. Authorities, relying on internal intelligence and advanced data analysis, identified a firm implicated in the scheme; a search of the suspect's residence yielded bank passbooks, chequebooks, mobile phones and documents linked to multiple fraudulent entities. The accused was produced before a magistrate and remanded to judicial custody for 14 days. Investigations are ongoing and additional names may emerge.