INDIA: TAX FRAUD AND OVER 1,200 EXPORTERS “UNTRACEABLE”

The Economic Times reported on 15 January that the Revenue Department using its data analytics has discovered a fraud in GST refunds with as many as 1,200 exporters, who have claimed tax refunds but are now untraceable.
https://economictimes.indiatimes.com/news/economy/finance/over-1200-exporters-untraceable-government-saves-rs-350-crore-fake-igst-refund/articleshow/73274446.cms

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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