Manual checks in IGST refunds to prevent unscrupulous exporters from defrauding exchequer: FinMin
According to FinMin, the new verification exercise is aimed at preventing unscrupulous exporters from defrauding the exchequer and bringing a bad name to the larger exporting community.
The CBIC has recently instructed its Customs and GST formations to verify the correct availment of input tax credit (ITC) by few exporters. Representational Image, source: Reuters