The Union Minister of State for Finance, Shri Pankaj Chaudhary, revealed in Rajya Sabha that GST authorities have recovered more than £1,900 crore in tax evasion up to June 2021 for the financial year 2021-22. The digital platform used for tax payments and compliance has seen significant efforts to combat fraud, including issues like fake credentials and invoices. The government is implementing various measures, such as Aadhaar authentication and physical verification, to prevent tax evasion and ensure compliance.
The interface for the taxpayers is on a digital platform and software-based, to be used for payment of tax and to comply with the requirements of law and procedure by taxpayers. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today.
Giving details of total tax evasion detected in GST in last three years, the Minister stated:
Period
No. of
Cases
Detection
Daily Limit Reached
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FAQ :
GST authorities have recovered over £1,920.20 crore in tax evasion up to June 2021 for the financial year 2021-22.
Tax evaders use methods such as providing fake credentials for registration, issuing fake invoices to claim Input Tax Credits, and mis-declaring classification of goods or services.
Steps include Aadhaar authentication for new registrations, physical verification of businesses, verification of existing registrations, suspension or cancellation of registrations, bulk suspension based on business intelligence, and blocking of Input Tax Credit.
No tax evasion has been reported due to failures in the CBIC back-end system.
The digital platform and software are used by taxpayers for tax payments and to comply with legal and procedural requirements.