Government identifies 5,106 ‘risky exporters’ who have fraudulently claimed GST refunds

According to sources, such fraudulent claims of Integrated GST (IGST) refunds by exporters could exceed Rs 1,000 crore. The government on Thursday said it has identified 5,106 “risky exporters” so far who have claimed GST refunds based on bogus invoices, and would manually check their claims before issuing refunds. The Central Board of Indirect Taxes and Customs (CBIC), in a statement, also assure…