Rs 40,000 crore GST claims on hold amid alleged fraud by entities

New Delhi:  The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of entities to the tune of Rs 40,000 crore as GST returns did not match, exposing alleged fraud by close to 2,000 entities. The above amount also includes entities that have not filed returns.  According to a report in the  Times of India , the indirect tax wing of the revenue department, last…