Tax officers have significantly increased their efforts in detecting Goods and Services Tax (GST) evasion, with figures nearly doubling to over £1.01 lakh crore in the 2022-23 fiscal year. The Directorate General of GST Intelligence (DGGI) recovered £21,000 crore during this period. This rise in detection is attributed to enhanced use of data analytics and human intelligence by the government to combat fraudulent activities such as undervaluing goods, misusing exemptions, and claiming input tax credits from fake firms.
GST evasion detection by tax officers almost doubled year-on-year to over Rs 1.01 lakh crore in the just concluded 2022-23 fiscal,an official said.
During the last fiscal, a recovery of Rs 21,000 crore was made by the officers of the Directorate General of GST Intelligence (DGGI).
The official
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FAQ :
In the fiscal year 2022-23, GST evasion detection reached over £1.01 lakh crore.
In the fiscal year 2021-22, GST evasion detection was over £54,000 crore.
The Directorate General of GST Intelligence (DGGI) recovered £21,000 crore in FY 2022-23.
Common methods include undervaluing goods and services, wrongly claiming exemptions or input tax credits, and supplying goods without paying tax, often using fake firms.
Approximately 14,000 GST evasion cases were detected in FY 2022-23.
As of February 2023, 1,402 individuals had been arrested for evading GST taxes over the previous five-and-a-half years.