AHMEDABAD: A man was arrested here on Thursday for his alleged involvement in illegally utilising and passing Input Tax Credit of Rs 129.92 crore, an official said. With his arrest, the Preventive wing of the Central GST Ahmedabad-South Commissionerate busted the racket of issuance of fake invoices wherein huge amount of ineligible Input Tax Credit was fraudulently availed and utilised to evade the payment of GST, said Sachin Gusia, Joint Commissioner (Preventive), CGST, Ahmedabad-South. Aliasgar Vahidali Saiyed, 31, a resident of Ahmedabad, was arrested for availing wrong Input Tax Credit of Rs 129.92 crore on bogus invoices without the receipt of goods, he said. He further issued bogus invoices for RS 846.58 crore without supplying the goods, facilitating wrong availment and utilisation of input tax credit by other companies, Gusia said, adding that his act has caused a huge evasion of GST. Saiyed, the mastermind of the fraud, created and managed as many as 61 fake firms whi