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Govt taking steps to identify fraudulent GST refund claims 


around Rs 238.97 crore has been recovered by the Central GST authorities from the entities which claimed fraudulent refunds. As many as 634 cases of fraudulent GST refund claims by exporters, amounting to Rs 1,912 crore, had been detected by the Central tax authorities from July 2017 to January 2020. A total of 35 persons have been arrested by the CGST authorities. The government has taken measures to use data analytics to identify risky taxpayers and verify them before sanctioning of refunds, said Mr Anurag Singh Thakur, Minister of State for Finance, in a written reply in the Rajya Sabha, as per a report.


In order to identify fraudulent claims, the government has taken measures to apply stringent risk parameters-based checks driven by data analytics and Artificial Intelligence (AI) tools. Also, a standard operating procedure has been prescribed for exporters to mitigate the risk of wrongful Integrated Goods and Services Tax refund claims. To curb cases of wrongful claims of input tax credit, a tax officer not below the rank of Assistant Commissioner has been 


permitted to block the credit available if he/she has reasons to believe that such credit is ineligible or has been availed fraudulently, added the Minister, said the report.

 

Source : Exim News Service - New Delhi, Feb. 13

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