Govt. unearths GST evasions of Rs. 12,766 cr.

The government has detected 3,196 cases of Goods and Services Tax evasion amounting to Rs. 12,766.85 crore in this financial year up to November 2018, according to the Finance Ministry. Of this, an amount of Rs. 7,909.96 crore has been recovered between April and November 2018, according to data provided by Minister of State for Finance Shiv Pratap Shukla to the Lok Sabha, in the ongoing winter session. According to Mr. Shukla, the government has taken several steps to detect evasion, including an e-waybills system, systematic analysis of data, and setting up of the Directorate General (Analytics and Risk Management). This could be the reason for the spurt in cases detected in this financial year compared with last year. According to data provided to the Rajya Sabha by Mr. Shukla in July, 1,205 cases of evasion, involving Rs. 3,026 crore, were detected between July 2017 (when GST was implemented) and July 2018.

Source :
https://www.thehindu.com/todays-paper/tp-business/govt-unearths-gst-evasions-of-rs-12766-cr/article25778088.ece

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