Revolutionary Raja Ram for Tax & Economic Reforms
over 1 year ago
-> Tax authorities have identified nearly 15,000 entities and detected evasion of more than Rs 38,000 crore over the years.
-> This includes fraudulent cases of GST registration by misusing PAN and Aadhaar details of other people to claim Input Tax Credit (ITC) as well as identification of bogus entities.
-> The central GST administration booked as many as 5,070 cases of fraudulent GST registration through misuse of PAN and Aadhaar details of other people to claim ITC between July 1, 2017, and June 30.
-> As much as Rs 27,246.16 crore of evasion was detected in these cases, of which Rs 922.58 crore was recovered and 331 arrests were made.
-> The Directorate General of GST Intelligence (DGGI) has been cracking down on GST evasion in India. In the last fiscal year, the DGGI detected evasion of over Rs 1 lakh crore, and made a recovery of Rs 21,000 crore.
-> One of the most common methods of GST evasion is through fraudulent registration. Fraudsters will misuse PAN and Aadhaar details of other people to register fake businesses, and then use these businesses to claim Input Tax Credit (ITC) that they are not entitled to.
The government is taking several steps to plug loopholes and tighten compliance for GST These steps include: Increasing the use of data analytics to identify fraudulent businesses Strengthening the enforcement of GST laws Raising awareness of GST among businesses and consumers
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