• Notification Date: 27-10-2023
• Notification No: N/A

GST Officials discover Tax Evasion of Rs 1.36 Lakh Crore in Current Fiscal Year

The Finance Ministry has revealed that officers of the Goods and Sales Tax Intelligence department have identified tax evasion of Rs 1.36 lakh crore during the current fiscal year. This underscores the ongoing challenge of tax evasion in the country's fiscal landscape. 

According to reports, in the fiscal year starting 2023, GST officers identified evasion cases exceeding Rs 1 lakh crore within the initial six months, surpassing the previous year's figures. 

The ministry reported, "In fiscal year 2023-24, Rs 1.36 lakh crore has been detected as overall GST evasion (including fake Input Tax Credit or ITC), and voluntary payments of Rs 14,108 crore have been made to rectify the situation." 

The ministry emphasized their committed efforts to combat this issue. The Directorate General of GST Intelligence (DGGI) has been proactive, using advanced data analytics tools and its extensive intelligence network to uncover tax evasion, particularly in emerging sectors.