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GST Intelligence Uncovers Rs 1.2 Trillion Tax Evasion Since 2020
Update / Judgement Date
22 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Since 2020, the Directorate General of GST Intelligence (DGGI) has uncovered tax evasion amounting to Rs. 1.2 trillion across various sectors. The evasion involves the use of fake invoices, wrongful input tax credit claims, and underreporting of turnover. The DGGI has intensified its efforts to combat tax evasion through data analytics, coordinated raids, and enhanced scrutiny of businesses. The article highlights the government's ongoing efforts to plug revenue leakages and increase GST compliance. The large-scale evasion detected underscores the challenges faced by tax authorities in curbing fraudulent practices, but also reflects their growing capability in detecting and addressing these issues.