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The Directorate General of GST Intelligence (DGGI) detected Rs 2.01 lakh crore in Goods and Services Tax (GST) evasion during the financial year 2023-24, nearly double the Rs 1.01 lakh crore detected in FY23. According to the DGGI's latest annual report, Mumbai topped the charts with the highest GST evasion of Rs 70,985 crore, followed by Delhi (Rs 18,313 crore), Pune (Rs 17,328 crore), Gurugram (Rs 15,502 crore), and Hyderabad (Rs 11,081 crore). The report revealed that the most evasion-prone
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FAQ :
In FY24, GST evasion detected amounted to £2.01 lakh crore, nearly double the £1.01 lakh crore detected in FY23.
Mumbai led in GST evasion detection, with a total of £70,985 crore.
The most evasion-prone service sectors were real money online gaming, followed by banking, financial, and insurance services (BFSI).
Industries dealing with iron, copper, scrap, alloys, as well as pan masala, tobacco, cigarettes, and bidi were identified as high-risk for GST evasion.
The primary reasons for GST evasion included non-payment of tax (46%), fraudulent availment of fake input tax credit (20%), and wrong availment or non-reversal of ITC (19%).
Voluntary payments in evasion cases totalled £26,605 crore in FY24.
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