 "GST")
The detection of GST evasion by DGGI has been steadily rising since the roll-out of GST in 2017. Photo: Shutterstock
Investigation arm DGGI has detected 6,084 cases involving Rs 2.01 trillion of GST evasion in 2023-24 fiscal, with online gaming and BFSI in services and iron, copper, scrap and alloys in goods emerging as the sectors most prone to evasion.
The amount is double of over Rs 1.01 trillion detected in 2022-23 in 4,872 cases.
Out of these, voluntary taxes of Rs 26,605 crore was paid in 2023-24, up from Rs 20,713 crore in 2022-23.
As per the annual report of the Directorate General of GST Intelligence (DGGI), about 46 per cent of the evasion cases related to non-payment of tax (through clandestine supply and undervaluation), 20 per cent related to fake Input Tax Credit (ITC ), and 19 per cent to wrong availment/non-reversal of ITC.
In 2023-24, online gaming sector saw maximum evasion with Rs 81,875 crore in 78 cases, followed by Banking, Financial and Insurance (BFSI) with Rs 18,961 crore evasion in 171 cases. Works contract services and pharmaceutical had 343 cases and 22 evasion cases with tax evasion involving Rs 2,846 crore and Rs 40 crore, respectively.
In 2023-24, 1,976 cases of Goods and Services Tax (GST) evasion were detected in iron, copper, scrap and alloys sectors involving Rs 16,806 crore of tax evaded.
Pan masala, tobacco, cigarette and bidi came second with 212 cases involving an evasion of Rs 5,794 crore. Plywood, timber and paper had 238 cases involving tax evasion of Rs 1,196 crore. Electronic items saw 23 cases (Rs 1,165 crore), followed by marble, granite and tiles 235 cases (Rs 315 crore).
During 2023-24 fiscal, the total GST evasion detected by DGGI officers and Central GST zone was over Rs 2.37 trillion in 20,576 cases. This includes Rs 2.01 trillion detected by DGGI in 6,084 cases and Rs 35,377 crore by CGST zones in 14,492 cases.
The detection of GST evasion by DGGI has been steadily rising since the roll-out of GST in 2017. In 2017-18, Rs 7,879 crore was detected, followed by Rs 19,319 crore in 2018-19, Rs 21,739 crore in 2019-20, Rs 31,908 crore in 2020-21 and Rs 50,325 crore in 2021-22.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Sep 14, 2024 | 9:08 PM IST
Thank you for taking the time to read this article! I hope you found the information insightful and helpful. If you enjoyed this type of content, please consider subscribing to our newsletter or joining our community. We’d love to have you! Feel free to share this article with your friends and family, who might also find it interesting.
Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.