We are cracking down on fake input GST credits: Finance Minister

In her latest interview, Union Finance Minister Nirmala Sitharaman has said that the government has been doing its best to plug loopholes pertaining to false input tax credits on the GST front. Speaking to Swarajya Mag, Sitharaman said that the system was being gamed by fraudsters, something that has come to be curbed.

Talking about how the curbing has been done, the FM said that the government has extensively used big data and AI to discover trails going to the last point. She added that huge chunks of monies have been found that way.

“There are some one-room operations with no activity, who were just collecting refunds and disappearing,” the FM said.

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