Companies pay GST twice as suppliers err in filings

MUMBAI: Genuine enterprises suffer even as taxmen bust networks of fake entities and bogus input tax credit (ITC) claims running into hundreds of crores of rupees. GST data mismatch between the filings of the buyer and the seller debar the former from claiming ITC.  ITC means GST credit for tax paid on purchase of goods or services that will be used for business - say GST paid on raw material…