#GISTPAL LIMITED FRAUD REGISTRATION#

'To prevent tax-evasion, various validations have been built in the GSTIN/ CBIC system to weed out tax evaders,' he added.

#GISTPAL LIMITED FRAUD REGISTRATION#

In 2020-21, Rs 434.93 crore worth ITC refund fraud by exporters was detected, while in 2019-20 it was Rs 799.78 crore.Ĭhaudhary further said though the interface for the taxpayers is on digital and software, tax evaders commit fraud even on electronic platforms by way of mis-representation of facts like furnishing of fake credentials at the time of registration by indulging in raising fake invoice to avail undue ITC. In April-June 2021, 13 such cases against exporters were booked and the quantum of ITC refund fraud detected was Rs 313.55 crore. 'Cases have been booked where exporters have claimed refund of GST on the basis of fraudulent documents,' he said. In reply to a separate question, Chaudhary said the mechanism for claiming Goods and Services Tax (GST) refund by exporters is a streamlined process. In 2020-21, 94 SCNs were issued and Rs 2,231.64 crore was recovered.

In the current fiscal year till June, Rs 175.21 crore of ITC fraud has been recovered and 19 show cause notices (SCN) have been issued. 'Necessary steps as mentioned in the GST law are being taken to recover the amount from the tax evaders pertaining to ITC frauds,' Chaudhary said.

Gistpal limited fraud