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TheITtude.com scammer is back with FPScrib.com
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<blockquote data-quote="smaratha" data-source="post: 2508125" data-attributes="member: 35467"><p>There is another possibility which comes to my mind. He could be buying the parts against another organization, claiming Input Tax Credit from that organization's operations. So he essentially gets a "refund" of the GST paid legally by him. Now he sells the parts to another person. But that entity can also avail the same benefit! Now with the tax authorities being highly vigilant, if there are ITC's against same goods he can be easily caught. He is able to essentially fund his fraud by re-selling goods to another party without a GST "invoice". This helps him build credibility with some customers before he executes his final modus operandi.</p></blockquote><p></p>
[QUOTE="smaratha, post: 2508125, member: 35467"] There is another possibility which comes to my mind. He could be buying the parts against another organization, claiming Input Tax Credit from that organization's operations. So he essentially gets a "refund" of the GST paid legally by him. Now he sells the parts to another person. But that entity can also avail the same benefit! Now with the tax authorities being highly vigilant, if there are ITC's against same goods he can be easily caught. He is able to essentially fund his fraud by re-selling goods to another party without a GST "invoice". This helps him build credibility with some customers before he executes his final modus operandi. [/QUOTE]
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TheITtude.com scammer is back with FPScrib.com
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