Bogus registration - an albatross around the neck

During 2020 usage of hoax invoices so as to wrongfully avail ITC credit has gradually increased and become concern for the government, especially at a time when revenue collection is depressed by Covid and Stock Market bump. Trickster created multiple dummy firms, they obtained GST registrations for issuance of sham GST invoices for which no services have been given and passed the input tax credit…