News

Fraudulent GST claims: Govt to set up panel for designing SOP for checking fake claims

 Fraudulent GST claims: Govt to set up panel for designing SOP for checking fake claims

To check fraudulent GST refund claims, the government has decided to constitute a panel of centre and state officials for designing a detailed standard operating procedure (SOP). The decision in this regard was taken in the 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax headed by Revenue Secretary Ajay Bhushan Pandey. “Considering fraudulent integrated goods and services tax (IGST) refund claims, it was explored to link foreign exchange remittances with IGST refund for risky and new exporter. All major cases of fake input tax credit, export/import fraud and fraudulent refunds shall also be compulsorily investigated by investigation wing of the income tax department,” an official statement said. It was also decided to constitute a committee of centre and state officers to examine and implement quick measures in a given time frame to curb fraudulent refund claims including the inverted tax structure refund claims and evasion of GST, it said.

Top