Firms using fake GST invoices to jack up turnover, get more loans

Nagpur: The Directorate General of GST Intelligence (DGSTI), which recently made a number of arrests in cases of fake invoices, has also found that the prime objective of the persons arrested was not to evade tax but to fudge balance sheets and secure higher loans. In most cases, GST liability arising out of the alleged fake transactions was also discharged, said sources. The sleuths have come acr…