Govt to set up panel for designing SOP for checking fraudulent GST claims

The committee will come out with detailed SoP within a week, which may be implemented across the country by January-end

To check fraudulent GST refund claims, the government has decided to constitute a panel of centre and state officials for designing a detailed standard operating procedure (SOP).
 

The decision in this regard was taken in the 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax headed by Revenue Secretary Ajay Bhushan Pandey.
 

"Considering fraudulent integrated goods and services tax (IGST) refund claims, it was explored to link foreign exchange remittances with IGST refund for risky and new exporter. All major cases of fake input tax credit, export/import fraud and fraudulent refunds shall also