1,377 exporters claiming total GST refund of Rs 1,875 crore Unknown

1,300 exporters claiming refund of Rs 1,857 crore under the products and Services Tax (GST) tax refund hasn’t any whereabouts at their place of origin. This has been revealed during a large-scale verification drive launched by the govt after identifying 7,516 ‘at-risk exporters’. a politician said on Friday, “A total of 1,377 exporters have fraudulently executed IGST (Integrated Goods) of Rs 1,875 crore. and repair tax).

As a part of the verification drive, no export address was found for these exporters at their place of business. “It said it’s seven recognized ‘Star’ exporters. The officer said that so far 7,516 exporters are ‘risky exporters'”. Are within the list. Of these, GST refund of Rs 1,363 crore of two,830 exporters have been suspended. It said that the govt has received unfavourable reports with regard to 2,197 risky exporters and 10 ‘star’ exporters wrongly claimed IGSI refund of Rs 28.9 crore.

The official said, “Regional officials of the Central Board of Indirect Taxes and Customs (CBIC) have detected cases of crime worth Rs 115 crore. Risky exporters are identified during this regard. “He said,” Also, out of the verification of 234 suppliers thus far, 82 suppliers haven’t been ready to locate their place of origin. ” Specific risk indicators supported tariffs, GST, tax, and DGFT figures are considered ‘risky’. Last year, CBIC had detected a variety of cases during which companies fraudulently obtained ‘credits’ on exports of products through IGSTI refunds. Legal action will be taken against fraud exporters. A special team will be we take over this task under CBIC. Done. CBIC has strengthened the investigative system to scale back the danger.