Recovery of Fraudulent GST Input Credit Surges to 12% in FY24

Recovery of Fraudulent GST Input Credit Surges to 12% in FY24

The recovery rate in Goods and Services Tax (GST) cases concerning input tax credit (ITC) fraud has significantly increased in FY24. Government sources familiar with the matter informed that the Directorate General of GST Intelligence (DGGI) has managed to recover over 12 percent of the dues, a notable rise from the previous 2-3 percent.

Enhanced Recovery Efforts

Challenges in Recovery

Modus Operandi and Common Traps

Conclusion

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