Investigation arm DGGI has truly found 6,084 cases entailing Rs 2.01 lakh crore of GST evasion in 2023-24 financial, with on the web computer gaming and BFSI in options and iron, copper, scrap and alloys in gadgets turning into the fields most weak to evasion.
The amount is twin of over Rs 1.01 lakh crore found in 2022-23 in 4,872 cases. Out of those, volunteer tax obligations of Rs 26,605 crore was paid in 2023-24, up from Rs 20,713 crore in 2022-23.
As per the yearly file of the Directorate General of GST Intelligence (DGGI), regarding 46 p.c of the evasion cases linked to non-payment of tax obligation (with non-public provide and undervaluation), 20 p.c pertaining to phony Input Tax Credit (ITC), and 19 p.c to incorrect availment/non-reversal of ITC.
In 2023-24, on the web computer gaming market noticed optimum evasion with Rs 81,875 crore in 78 cases, complied with by Banking, Financial and Insurance (BFSI) with Rs 18,961 crore evasion in 171 cases. Works settlement options and pharmaceutical had 343 cases and 22 evasion cases with tax obligation evasion entailing Rs 2,846 crore and Rs 40 crore, particularly.
In 2023-24, 1,976 cases of Goods and Services Tax (GST) evasion had been found in iron, copper, scrap and alloys fields entailing Rs 16,806 crore of tax obligation averted.
Pan masala, cigarette, cigarette and bidi got here 2nd with 212 cases entailing an evasion of Rs 5,794 crore. Plywood, hardwood and paper had 238 cases entailing tax obligation evasion of Rs 1,196 crore. Electronic issues noticed 23 cases (Rs 1,165 crore), complied with by marble, granite and ceramic tiles 235 cases (Rs 315 crore).
During 2023-24 financial, the whole GST evasion found by DGGI policemans and Central GST space mored than Rs 2.37 lakh crore in 20,576 cases. This consists of Rs 2.01 lakh crore found by DGGI in 6,084 cases and Rs 35,377 crore by CGST areas in 14,492 cases.
The discovery of GST evasion by DGGI has truly been regularly climbing on condition that the roll-out of GST in 2017. In 2017-18, Rs 7,879 crore was found, complied with by Rs 19,319 crore in 2018-19, Rs 21,739 crore in 2019-20, Rs 31,908 crore in 2020-21 and Rs 50,325 crore in 2021-22.
