GST evasion worth Rs12,000 cr detected

New Delhi: The government has detected GST evasion worth Rs 12,000 crore in eight months till November, a senior tax official said on Wednesday.

Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or e-way bill mechanism, there has been rampant evasion and there is a need to increase compliance.

“We started anti-evasion measures from April onwards, and from April-November, we have detected Rs 12,000 crore of GST evasion. This is huge compared to what happened on the central excise or service tax side. There is huge evasion. There are smarter guys outside who know how to pocket the money,” Joseph said addressing an Assocham event.

Joseph, who looks after investigation in the CBIC, said almost Rs 8,000 crore worth GST evasion has been recovered by tax officials.

Goods and Services Tax (GST), which subsumed 17 local taxes, including excise duty and service tax, was introduced on July 1, 2017. Since it was a new tax, the government had decided to go slow on enforcement action in the initial months of its implementation.

(Except for the headline, this story has not been edited by The Kashmir Monitor staff and is published from a syndicated feed.)