Recovery of fraudulent GST input credit rises to 12% in FY24: Sources

The recovery rate in Goods and Services Tax (GST) cases pertaining to input tax credit (ITC) fraud has gone up significantly in FY24, with the Directorate General of GST Intelligence(DGGI) recovering more than 12 percent of the dues against 2-3 percent in the previous years, government sources aware of the development told Moneycontrol . Even commoners are falling trapped by fraudsters, said a GST…