GST Fake Invoice Scam Explained: How Black Market Bleeds India’s Economy

Описание: India’s biggest tax system — GST — was introduced to simplify compliance, reduce corruption, and make business easier. But what if the same GST infrastructure is now being exploited by a massive fake invoice mafia? In this explosive episode, Dev Agarwal (Founder & CEO, Fake Invoice Tracker - FIT) reveals the untold truth behind India’s growing black market, GST fraud, and the dangerous 3-digit scam that is bleeding the economy every single day.

From shell companies to fake GST registrations, dummy suppliers, and invoice trading networks — this interview exposes how scammers are using loopholes in GST to generate fake credits, evade taxes, and convert black money into legitimate income. The scale of this crime is larger than most people imagine — running into hundreds of crores, affecting MSMEs, startups, and even genuine large corporations.

In this conversation, you will learn:

🔍 What is a Fake GST Invoice?
📉 How the GST ITC scam works step-by-step
💸 Why black money circulates through invoice fraud
🧾 How criminals exploit GST loopholes and registration fraud
🚨 Why millions of rupees are lost daily in tax revenue
📊 Real examples of shell companies used for tax evasion
⚠️ The shocking truth behind 3-digit GST scam codes
🛑 How ordinary businesses unknowingly become part of illegal transactions
🚀 The Future of GST Tech — Can AI stop invoice scams?

Dev Agarwal breaks down every layer of this corporate crime with data, legal insights, and real-life cases — offering India’s first structured solution to trace fake invoices through the FIT – Fake Invoice Tracker. If you are a startup founder, business owner, CA, CFO, consultant, or anyone dealing with GST, this episode is a must-watch.

💥 Why This Matters

India’s economy loses thousands of crores every year due to fake invoice scams. This affects:

Government revenue

Public infrastructure

GST credibility

Genuine businesses who follow the law

MSMEs struggling with compliance

If this continues unchecked, the black market will silently overtake legitimate economic growth. This is not a scam — it is an underground parallel economy.

🟠 About Dev Agarwal & FIT

Dev Agarwal is the Founder & CEO of Fake Invoice Tracker (FIT) — India’s first digital platform designed to help authorities, businesses, and taxpayers identify suspicious invoices and prevent GST fraud before it begins. FIT aims to protect businesses and strengthen India’s tax ecosystem using automation, data, and smart intelligence.

🎧 About This Channel – GrowthHacksByKuwar

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📌 Chapters (Add timestamps after upload)

00:00 – Introduction
00:56 – What is the GST Fake Invoice Scam
05:20 – 3 Digit GST Loophole Explained
12:40 – Fake Company Registration Scam
19:25 – How Black Market Uses GST
27:10 – Real Case Studies
39:30 – Can FIT stop Invoice Fraud?
55:20 – Final Advice

🚀 Call To Action

If you found this valuable, LIKE the video, COMMENT your thoughts, and SHARE it with someone who pays GST — business owners must know what’s happening behind the scenes.

Subscribe to GrowthHacksByKuwar for more hard-hitting truths the system doesn’t want you to know.