🇮🇳India

फर्जी इनवॉइस चोरी से AR धोखाधड़ी

2 verified sources

Definition

Bogus suppliers issue fake invoices for ITC, leading to uncollectible AR and fraud losses during collections.

Key Findings

  • Financial Impact: ₹5-15 लाख annual fraud loss; 0.5-1% of receivables
  • Frequency: Ongoing with monthly collections
  • Root Cause: Manual supplier validation without GST portal integration

Why This Matters

The Pitch: Paper wholesalers lose ₹5-15 लाख annually to invoice fraud. Automated GSTIN-IRN validation prevents 90% of AR fraud.

Affected Stakeholders

Credit Controller, Internal Audit, Vendor Management

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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