Business

Govt. unearths GST evasions of ₹12,766 cr.

Shiv Pratap Shukla

Shiv Pratap Shukla   | Photo Credit: V.V. Krishnan

Recoveries touch ₹7,910 crore: Shukla

The government has detected 3,196 cases of Goods and Services Tax evasion amounting to ₹12,766.85 crore in this financial year up to November 2018, according to the Finance Ministry.

Of this, an amount of ₹7,909.96 crore has been recovered between April and November 2018, according to data provided by Minister of State for Finance Shiv Pratap Shukla to the Lok Sabha, in the ongoing winter session.

According to Mr. Shukla, the government has taken several steps to detect evasion, including an e-waybills system, systematic analysis of data, and setting up of the Directorate General (Analytics and Risk Management).

This could be the reason for the spurt in cases detected in this financial year compared with last year.

According to data provided to the Rajya Sabha by Mr. Shukla in July, 1,205 cases of evasion, involving ₹3,026 crore, were detected between July 2017 (when GST was implemented) and July 2018.

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Printable version | Mar 27, 2020 2:09:28 PM | https://www.thehindu.com/business/govt-unearths-gst-evasions-of-12766-cr/article25776149.ece

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