<h1>GST raid uncovers fake iron and steel firm issuing Rs 29.43 crore fake invoices, alleged Rs 5.29 crore tax evasion</h1> Central GST authorities in Ludhiana uncovered a fake firm in the iron and steel sector that issued falsified invoices totaling Rs 29.43 crore to illegitimately claim and transfer input tax credit, resulting in alleged GST evasion of Rs 5.29 crore. Investigators found fabricated e-way bills and supporting documents used to evade scrutiny. The firm's proprietor has been arrested and remanded to judicial custody. The matter involves offenses under GST provisions concerning issuance and use of fake invoices, fraudulent availing/transfer of input tax credit and related documentary fraud, and is subject to further criminal and tax proceedings.