Finance Ministry explains measures/steps taken to curb fraudulent/irregular GST claims

Ministry of Finance informs that in order to identify cases of fraudulent claims under GST, certain measures are taken up to apply stringent risk parameters-based checks driven by rigorous data analytics and Artificial Intelligence (AI) tools based on which certain taxpayers are taken up for further verification; Highlights that a standard operating procedure has been prescribed for exporters vide Circular dated January 23, 2020 to mitigate the risk of wrongful refund cl...