India, April 24 -- Fraudsters create false invoices to establish trading and sales trails

It is possibly the largest GST scam. A set of scamsters collected refunds worth more than '1,800 crore from the GST authorities across multiple jurisdictions. What is crucial is that they gamed the entire supply chain, from product purchases, sales through various firms, e-way transport bills, to final shipments via exports. Similar past cases, yet again worth Rs 1,000-2,000 crore, prove that the fraudsters manage to capture the GST system, as it exists. Such examples highlight "systemic abuse of the ITC (input tax credit) mechanism through fake billings, and fictitious exports" or sales. Hence, the expanse of the scams is deeper, and almost-impossi...