There is a strong incentive for fraudsters to create fake or tampered receipts to fool the public and law enforcement agencies. With today’s software and printers, it is trivial to create these fake receipts - leading to loss of hundreds of millions of dollars of revenue. Apart from revenue leakage, this increases corruption and adds to friction in the economy which even honest taxpayers have to bear.
With income tax documents the problem can get further compounded by banks extending undue credit based on fake or inflated documents.
A non-exhaustive list of target documents is given below:
|Customs Receipts||Income Tax Assessments||GST Receipts|
|Certificate of Residency||Excise Duty Challans||Stamp Duty Receipts|
|Attestation Receipt||Import License Receipt||Export License Receipt|
The Qryptal Generator can easily be integrated with the existing receipt and document production systems. Once integrated, the Qryptal QR Code will automatically get added to the document without any manual intervention.
We have customers and users in most parts of the world.