Input tax credit frauds rise 170% in just nine months of FY20

Sum involved is nearly 80 per cent of FY19 The number of input tax credit (ITC) fraud cases under Goods & Services Tax (GST) in the first nine months of this financial year has risen 170 per cent more than that reported in the whole of last fiscal. During the same period, the amount involved is nearly 80 per cent of full FY19. According to a Parliamentary Committee report, tabled on Thursday,…