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Government eyes tech shield against GST Input Tax Credit fraud

The government is considering more intense technology-based advance risk profiling to pre-empt input tax credit (ITC) frauds and block suspected claims until they pass through scrutiny as Goods and Services Tax (GST) evasion worth over 4 lakh crore has been detected in just four years with less than 30% recovery, two officials aware of the development said.

Source a2ztaxcorp

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