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Tax fraud: ₹25,000 GST evasion by 18,000 bogus companies uncovered

By Economic Times - 2 weeks ago
Tax authorities have uncovered approximately 18,000 fraudulent companies registered under GST, resulting in an estimated tax evasion of Rs 25,000 crore. These fictitious entities were identified during a nationwide crackdown on fake GST registrations, with voluntary payments of Rs 70 crore collected during the operation.

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