GST misappropriation — Rs 3.11 lakh crore embezzled in 5 years, Rs 1.03 lakh crore recovered: FinMin

Tax evasions, bogus invoices without any deliveries of goods, cyber frauds using Goods and Services Tax (GST) identification numbers, forging up shell companies, fake business transactions, failure to deposit due taxes to authorities and illegally claiming input tax credit (ITC) have now become the biggest reasons for rise in GST-related offences in the country.The claim is apparent in the figures…