â¹65,000 crore GST credit claims under CBEC scanner
About â¹65,000 crore out of nearly â¹95,000 crore tax collections in July, the first month of GST, have been claimed as transitional credit by taxpayers. The Central Board of Excise and Customs (CBEC), in a letter to tax officials, has asked to verify records of 162 companies that claimed GST transitional credit of over â¹1 crore.