GST: Input tax credit frauds rise 170% in just nine months of FY20

In the first nine months of this financial year, The number of input tax credit (ITC) fraud cases under Goods & Services Tax (GST) had arisen to 170 per cent more than that reported in the whole of last fiscal. According to a Parliamentary Committee report, based on the fake invoices, the fraudulent input tax credit cases during April-December of this fiscal, surged to 5,986. This number was 2,211 in the 12 months of 2018-19. During 2018-19, the total quantum was nearly ₹10,400 crore, while recovery was a little over ₹800 crore.

https://www.thehindubusinessline.com/economy/gst-input-tax-credit-frauds-rise-170-in-just-nine-months-of-fy20/article31051872.ece#