As a business owner or individual dealing with GST, it is crucial to be able to identify fake GST bills to protect your interests and safeguard against legal repercussions.
The Directorate General of GST Intelligence (DGGI) has busted a gang of ‘fake GST bill operators who used to run a syndicate to help companies, especially in the metal and scrap industry, to avail of input tax credit (ITC). DGGIs probe has revealed that around 160 companies were floated, using documents that were fraudulently procured from people by promising to help them get governments Covid relief or employment.