Fraud is defined to be an intentional act by an individual or a group of them, who are charged with governance (who are in authority), or third parties, involving the use of deception to obtain an unjust or illegal advantage. A fraud could take the form of misstatement of information (financial or otherwise) or misappropriation of the assets of the entity.
A fraudster would always find an illegal way to take undue advantage of provisions of the tax law and thereby enrich himself by such unlawful means. GST is no escape for such fraudsters.
Source: mastersindia.co
