India is confronting an unprecedented surge in GST fraud, with new government data revealing over 55,000 cases of fake invoicing and input tax credit (ITC) theft detected since FY23 — involving ₹1.61 lakh crore in suspicious transactions. Officials warn that fraud networks have evolved into a parallel industry, built on revived shell entities known as … Continue reading India’s Fake Invoice Economy Is Expanding Faster Than GST Systems Can Catch It