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Defending your business from fake vendors and GST fraud is paramount. The surge of 10,000 suspended GSTINs and actions against 1,000 taxpayers underscores the urgency. The government’s tech-driven measures, including AI and Aadhar-based biometric registration, provide a robust defense. Vigilance remains essential for businesses, ensuring thorough verification of GST registrations and vendors to thwart fraud effectively.
Shilpa Dhobale, our Head of Product and Strategy, has offered her insights and perspectives on this matter. You can find her thoughts in the article linked below.