2023-10-18 16:51:38
The ministry issued a statement highlighting the rigorous efforts to combat this menace. The Directorate General of GST Intelligence (DGGI) has been at the forefront, employing advanced data analytics tools and leveraging its extensive intelligence network across the nation to unearth tax evasion, particularly in emerging areas.
This fiscal year, which commenced in 2023, witnessed GST officers identifying evasion cases exceeding Rs 1 lakh crore within the initial six months, surpassing the previous year’s figures.
The ministry reported, “Overall in FY 2023-24, Rs 1.36 lakh crore has been detected as overall GST evasion (including fake Input Tax Credit or ITC), and voluntary payments of Rs 14,108 crore have been made to rectify the situation.”
The data further indicates a total of 1,040 cases of fraudulent ITC, involving an astonishing sum of Rs 14,000 crore, being exposed during the current fiscal year, with 91 fraudsters apprehended thus far.
A significant portion of the evasion was detected in the form of fake Input Tax Credit (ITC) during the period between April 2020 and September 2023. GST Intelligence Officers identified tax evasion amounting to Rs 57,000 crore in these cases.The ministry stated, “From April 2020 to September 2023, more than 6,000 fake ITC cases, involving more than Rs. 57,000 crore in GST evasion, have been detected, and a total of 500 individuals have been arrested.”Notably, since June 2023, the DGGI has intensified efforts to identify and apprehend the masterminds behind these tax evasion syndicates operating nationwide. Advanced data analysis tools have proven instrumental in unraveling these cases and leading to the arrest of the tax evaders.
The modus operandi of these tax syndicates often involves manipulating unsuspecting individuals by offering job opportunities, commissions, or bank loans and persuading them to provide their KYC (Know Your Customer) documents. These documents are subsequently exploited to create fake or shell firms without the individual’s knowledge or consent. In some instances, individuals are complicit, providing their KYC documents in exchange for modest monetary gains.
This latest revelation serves as a stark reminder of the challenges posed by tax evasion in India and underscores the ongoing efforts by tax authorities to combat this issue and ensure the integrity of the GST system.
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