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PAC flags mismatches in GST worth $16.6K crore
Business Standard
|March 29, 2025
The Public Accounts Committee (PAC) has flagged massive discrepancies in Input Tax Credit (ITC) reporting, with mismatches between monthly (GSTR-3B) and annual (GSTR-9) Goods and Services Tax (GST) returns.
The committee's 19th report on the Central Board of Indirect Taxes & Customs' (CBIC's) compliance audit reveals that over 33,381 GST returns between 2017 and 2021 had inconsistencies, with a ₹16,622 crore gap in
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