CBIC detects bogus tax credit claims worth ₹38,000 cr since last November

NEW DELHI  : The Central Board of Indirect Taxes and Customs (CBIC) has since last November detected  ₹38,000 crore of bogus claims from businesses for input tax credit in a technology and data analytics enabled drive against tax evasion, said a person familiar with the development.  The result of the CBIC’s year-long compliance drive points to the potential goods and services…