Shell firms, circular trading: Fake GST invoice frauds continue despite curbs - Business Today

Despite tighter enforcement and analytics-driven scrutiny, fake invoices and input tax credit (ITC) frauds under the Goods and Services Tax (GST) regime continue to surface on a large scale. The GST authorities detected tax evasion of about Rs 7.08 lakh crore between FY21 and FY25, including fake ITC claims of roughly Rs 1.79 lakh crore, Minister of State for Finance Pankaj Chaudhary tol…