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More than 40,000 crore GST claims blocked by Government due to mismatch
Posted by Member (Account Deleted)
29 January 2020
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The CBIC frozen tax credits of approximately Rs 40,000 crore, as reports did not match, exposing the alleged fraud of nearly 2,000 entities, except in cases where returns were not filed. CBIC president John Joseph said at an event on Monday last week, the indirect tax arm of the income department blocked the credits within four hours.
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