Page 62 - GSTL_23rd July 2020_Vol 38_Part 4

J120 GST LAW TIMES [ Vol. 38
It may be noted that exporters are identified as ‘risky’ on the basis of
specific risk indicators based on Customs, GST, Income Tax and Directorate Gen-
eral of Foreign Trade (DGFT) data. The details of the identified risky exporters
are shared with the CGST formations for physical and financial verification in
terms of a Standard Operating Procedure (SOP).
Sources said that in 695 cases, positive reports have been received from
CGST formations. Of these, in 461 cases, IGST refund/drawback amounting to
` 273 crore has been suspended.
The details of these risky suppliers have been shared with jurisdictional
field formations for physical/financial verification and to verify the ineligible
Input Tax Credit (ITC) availed by them.
[Source : Business Line, New Delhi, dated 18-7-2020]

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GST LAW TIMES  23rd July 2020  62
( A120 )