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Government Unveils Record-Breaking GST Evasion Detection of Rs 1.5 Lakh Crore; Focus on Online Gaming Companies Raises Stakes In a significant revelation, the government disclosed on Monday that its intensified efforts to curb Goods and Services Tax (GST) evasion have resulted in detecting a staggering Rs 1.5 lakh crore during the first seven months of the current financial year. This surpasses the Rs 1.3 lakh crore detected in the entire fiscal year 2022-23, showcasing a notable surge in the
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FAQ :
By October 2023, the government had detected a staggering Rs 1.5 lakh crore in GST evasion.
The Rs 1.5 lakh crore detected by October 2023 surpasses the Rs 1.3 lakh crore detected in the entire fiscal year 2022-23.
Yes, authorities have issued show cause notices to online gaming companies involving Rs 1,12,332 crore, as they are now subject to a 28% levy on online gaming and casinos.
As of October 2023, recoveries from the detected GST evasion have reached Rs 18,541 crore.
Maharashtra has the highest amount of GST evasion, estimated at Rs 84,400 crore, which is 56% of the total evasion detected in India.
Up to October 2023, 154 individuals have been arrested for GST evasion.
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