https://www.taxtmi.com/article/detailed?id=10372 Frauds through fake invoices and circular trading exploit GST input tax credit by creating artificial transactions, bogus e Way bills and shell entities across jurisdictions, causing jurisdictional, data access and investigative challenges; circular trading involves issuing invoices without actual supply to inflate turnover and claim fraudulent ITC, attracting non bailable and cognizable offences. The recommended responses center on intelligence led detection, data analytics, API based inter agency data exchange, joint SOPs, and targeted verification of unmatched ITC and risky refund claims. en-us Mon, 02 May 2022 12:58:20 +0530 Mon, 02 May 2022 12:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10372 Frauds through fake invoices and circular trading exploit GST input tax credit by creating artificial transactions, bogus e Way bills and shell entities across jurisdictions, causing jurisdictional, data access and investigative challenges; circular trading involves issuing invoices without actual supply to inflate turnover and claim fraudulent ITC, attracting non bailable and cognizable offences. The recommended responses center on intelligence led detection, data analytics, API based inter agency data exchange, joint SOPs, and targeted verification of unmatched ITC and risky refund claims. Articles Goods and Services Tax - GST Mon, 02 May 2022 12:58:20 +0530 https://www.taxtmi.com/article/detailed?id=10372