Mumbai,Sankalp savera: A businessman, on the run for fraudulently claiming input tax credit (ITC) of Rs 63.5 crore, was arrested by CGST (Navi Mumbai) officials. Ashok Singh, floated six firms to avail of bogus ITC and pass it on to hundreds of units across the country, which used it to set off GST liability. Singh approached Supreme Court after lower courts denied him relief. When SC denied him relief, he went into hiding. Availing ITC exceeding Rs 5 crore without receipt of goods is a cognisable offence under CGST Act, 2017.