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GST Evasion of Rs 55,575 Crore Detected in Final 2 Years, 719 Individuals Arrested


GST authorities have detected GST fraud of Rs 55,575 crore over the past two years and arrested over 700 individuals for inflicting loss to the exchequer, an official stated on Thursday. Over 22,300 pretend GST identification numbers (GSTIN) have been detected by the officers of the Directorate Basic of GST Intelligence (DGGI).

The federal government on November 9, 2020, launched a nationwide particular drive in opposition to unscrupulous entities for availing and passing on Enter Tax Credit score (ITC) fraudulently by issuing pretend/bogus invoices, thereby evading Items and Providers Tax (GST).

“Within the two years of the particular drive, GST/ITC fraud value Rs 55,575 crore has been detected. 719 individuals have been arrested, which embody 20 CA/CS professionals,” the official advised PTI.

Voluntary deposits of Items and Providers Tax (GST) value Rs 3,050 crore have been made in the course of the interval. The official didn’t disclose the restoration quantity in these instances, however stated it will be a “sizeable quantity”.

“Credible intelligence, coordination between intelligence companies like DGGI, DRI, Earnings Tax, Enforcement Directorate and CBI, have helped us crackdown on tax evaders,” the official stated. The GST division is taking steps to curb evasion, together with verification of registration, e-way invoice requirement, and validation for submitting GST returns, and in addition positioned restrictions on the quantum of ITC that can be utilized by companies for GST cost.

A nationwide GST, which subsumed 17 native levies like excise responsibility, service tax and VAT and 13 cesses, was rolled out on July 1, 2017.

“Within the current years, the division has stepped up motion in opposition to pretend ITC claims. The steps taken by GST officers have undoubtedly improved compliance and that’s getting mirrored in month-to-month GST assortment,” the official stated.

In October, GST revenues registered the second highest assortment ever at practically Rs 1.52 lakh crore, second solely to April when the mop-up was about Rs 1.68 lakh crore.

GST mop-up has been over Rs 1.40-lakh crore for eight months in a row, whereas for the 2 months it has crossed the Rs 1.50 lakh crore mark.

With financial exercise gaining momentum and improved compliance, officers count on Rs 1.50 lakh crore to be the ‘new regular’ for month-to-month GST revenues.

GST income in April was about Rs 1.68 lakh crore, Could (Rs 1.41 lakh crore), June (Rs 1.45 lakh crore), July (Rs 1.49 lakh crore), August (Rs 1.44 lakh crore), September (Rs 1.48 lakh crore) and October (Rs 1.52 lakh crore).

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