Recently, a news report was published in Economic Times (ET) about the ‘risky exporters’. Accordingly, most of them have fraudulently claimed refunds of IGST pertaining to export of goods and services. The GST department verification report revealed that they were even not traceable at the principal place of business registered under GST. Identification of risky exporters is generally done on the basis of specific risk indicators based on income tax, GST, customs and DGFT data.
Source: taxmann.com
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