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GST evasion worth Rs 3,026 crore detected in 1 year: Government

The government has detected GST evasion worth Rs 3,026.55 crore in the last one year in relation to misuse of input tax credit, misdeclaration in the GST returns, tax declared in GST returns and not paid and cases where GST returns not filed and tax not paid. Minister of State for Finance, Shiv Pratap Shukla said that between July 2017 and June 2018, a total of 1,205 cases of tax evasion were detected involving Rs 3,026.55 crore. Separately, Shukla said that a total of 487 cases involving Rs 1,320 crore have been detected in the months of May and June this year. He said that 3.67% of the registered taxpayers contribute about 79.52% of total tax collected. In another reply, he said 3,634.54 kg gold worth Rs 1,078.71 crore has been seized since the implementation of GST, from July 1, 2017.

Read More at The Economic Times News date : 31 Jul 2018, Tuesday

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