News
Bill selling up 4-5 times to beat GST regime
- Date:
- June 20, 2018
- Source:
- Financial Chronicle
The goods and services tax (GST) introduced to track the trail of transaction has in fact increased illegal activities in terms of billing by multiple times. ‘Bill selling’, a practice common in the construction sector among those who inflate cost of projects, has gone up four-five times after the launch of GST. In case of ‘bill selling’ a dealer or a distributor would buy the goods from a c…