GST intelligence unearths ₹1,800 crore tax credit fraud - Mint

Investigations showed that a well-structured arrangement was used to fraudulently claim input tax credit and subsequently encash it through refund claims on zero-rated supplies, that is, exports. Fraud was committed by arranging fake purchase invoices without actual receipt of goods. New Delhi: Directorate General of GST Intelligence (DGGI) has unearthed input tax credit (ITC) fraud of ₹ 1,825 cro…