Fake GST ITC of Over Rs35,000 crore in Just 8,000 Cases in FY2021; DGGI Books Offenders IANS 14 July 2021 The big crackdown on fake GST input tax credit (ITC) filers launched by tax sleuths over the last couple of years has provided rich dividends with the CGST zones and the Directorate General of GST Intelligence (DGGI) booking about 8,000 cases of fraud involving fake input tax credit (ITC) of over Rs 35,000 crore in FY21.
Misuse of the beneficial provisions of ITC under the GST regime is the most common modus of evasion under the GST Law. The field formations of the Central Board of Indirect taxes and Customs (CBIC) have been regularly detecting such cases from the very beginning of the GST regime. But the success rate has improved over last couple of years.