GST ITC fraud detections jump to ₹74,782 cr in FY26; cases more than double - Business Standard

Central tax authorities detected input tax credit (ITC) fraud of Rs 74,781.56 crore (Rs 0.75 trillion) across 30,162 cases in FY26, more than doubling the number of cases from the previous year, the Ministry of Finance informed the Rajya Sabha on Tuesday. ITC is the credit a registered business can claim for the Goods and Services Tax (GST) paid on its purchases, which can be set off against the G…