India's Press Information Bureau has published a release from the Ministry of Finance on the level of tax fraud discovered through the misuse of input tax credits, which exceeds INR 310 billion, as well as the measures that have been put in place to prevent such fraud.
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CGST authorities bust input tax credit fraud of more than Rs 31,000 crore involving more than 7,200 cases in FY 2020-21
The Goods and Services Tax authorities have unearthed over Rs 31,000 crore of tax fraud committed b…