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of <h1>New Circular Introduces Verification to Combat Fraudulent IGST Refund Claims by Exporters Using Ineligible ITC.</h1> The circular addresses the issue of fraudulent Integrated Goods and Services Tax (IGST) refund claims by exporters using ineligible Input Tax Credit (ITC). To combat this, a mechanism is introduced to verify IGST payments for exported goods. Risky exporters will be identified, and their export consignments will undergo mandatory examination. IGST refunds for these exporters will be suspended until verification by GST formations confirms compliance with the law. If malpractices are detected, refunds will not be processed. The procedure modifies existing instructions to ensure authenticity and prevent misuse of IGST refunds.
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