Fake invoicing under GST: What happens after govt catches you for issuing fake invoice?

There are numerous fraud cases involving GST Fake Invoicing which implies claiming Input Tax Credit ( ITC ) fraudulently and unscrupulous refund claimants. The issue of fake invoicing may not have a serious impact on the economy in the short run, but it has an impact in the long run unquestionably. Generally, the GST Fake invoices frauds are largely carried out by the non-existent taxpayers &…