Crackdown on GST Fraud: Do We Need Limits on When a Taxman Can Attach a Bank Account?

The shortfall in GST collections has for sometime now been a major concern for India’s department of revenue. While the slowdown is largely responsible for this, another significant reason for this shortfall are fraudulent claims of input tax credit availed on the basis of fake invoices.  According  to government data , central GST authorities registered over 16,000 cases involving amoun…