<h1>CGST searches expose Rs 455 crore fake GST invoice racket; Rs 69.41 crore ITC claimed; two arrested under CGST Act</h1> Acting on specific intelligence, CGST authorities conducted searches and uncovered a Rs 455 crore fake GST invoice racket in the iron and steel sector involving three related firms that claimed ineligible Input Tax Credit of Rs 69.41 crore to offset GST liabilities; two individuals controlling the firms were arrested under the Central Goods and Services Tax Act, 2017 and remanded to judicial custody. The probe remains ongoing to determine the full extent of the network and identify additional entities and offences, with potential further tax demands, penalties and criminal prosecutions expected.