Chinese Companies Involved In Tax Evasion & Financial Impropriety In India: Report
As per the Directorate General of GST Intelligence in India, many Chinese companies were found guilty of tax evasions and several incidents of fraud. In 2021, several Chinese firms were raided by the Indian Income-Tax department for transferring Rs 20 crore to China in the span of two years. Moreover, Chinese companies have also exploited the Indian credit market by framing the Indian borrowers.