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GST infrastructure can now detect, block bogus transactions in real time: Report
GST infrastructure can now detect, block bogus transactions in real time: Report

Businesses that are on the tax authorities' radar for Goods and Services Tax (GST) evasion will be automatically blocked from issuing electronic invoices when they attempt suspicious transactions.  

The tax department is using data mining and artificial intelligence to identify potentially fraudulent invoices and shell companies, according to a Mint report. The move is aimed at curbing tax invasion and improving the efficiency of the indirect tax system.

Moneycontrol could not independently verify the story.


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