CAG Flags Revenue Loss of Rs 18,509.8 Crore Due to Tax Errors and Evasion

The Comptroller and Auditor General (CAG) of India, in its latest report tabled in Parliament, highlighted widespread lapses in income tax assessments and GST compliance, causing a potential revenue loss of ₹18,509.8 crore. Key Findings 1. Income Tax Errors: The CAG identified 504 audit observat

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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