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Blockchain tech to curb fake billing, GST evasion, 1st phase to be implemented soon

The Central government is all set to use blockchain technology to curb fake billing and GST claims. In the first phase, the technology will be used for warehousing and monitoring of goods movement. With the technology, the government is aiming to catch fake claims immediately, especially in cases that file a fake supply of goods on paper.

Source: a2ztaxcorp.com

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