We at MBA Decoder don't support lying blatantly in the application- some bit of exaggeration is okay but twisting facts and making up stories is not our style.

Eventually, you'd be the one defending yourself on your stories to the adcom and they are smart people who can see through the lie. I have heard the story of an applicant from a particularly influential alum of a top business school about how the applicant was lying about some swanky extracurricular activity during the interview, and the alum interviewer could see through the lie. The applicant was dinged.
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thanks for your advice.

Glad to help Kshitij,

If you have a gap in your professional history, its better to explain- hopefully you have genuine and rational reasons for it
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OH HELL NO!!

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Agreed, that's what most do with their resume as well. However, it's a fine line between packaging and exaggeration.