GST fraud has been a big problem in India with many fake companies being created for the sole purpose of creating fake invoices and claiming GST refunds. A fake firm in Pune was identified recently that made over 5 million euro illegally. This person issued illegal invoices on a commission basis and was recognized and apprehended via data Analytics by the Unit of the Directorate General of GST Intelligence (DGGI).
Source: globalvatcompliance.com
