CAG Flags Revenue Loss of Rs 18,509.8 Crore Due to Tax Errors and Evasion

The Comptroller and Auditor General (CAG) of India has identified a revenue loss of Rs 18,509.8 crore due to tax errors and evasion. The CAG report highlighted the failure of tax authorities to detect significant discrepancies in tax filings, which included improper tax refunds and non-detection of evasion tactics. Additionally, errors in the application of Goods and Services Tax (GST) and Income Tax (IT) laws contributed to the losses. The audit emphasized the need for enhanced vigilance and stricter enforcement mechanisms to curb such lapses. The report has urged the government to implement reforms in tax administration to address these issues, ensure transparency, and improve revenue collection efficiency.