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GST evasion of 40,000 crore detected from fake invoicing, fraud claims

GST evasion of 40,000 crore detected from fake invoicing, fraud claims

Tax authorities have detected goods and services tax evasion of 40,000 crore in over a year, largely on account of fake invoices and fraud input tax credit claims.

A host of measures aimed at plugging loopholes and preventing such frauds are set to kick in from January 1, but a senior government official told ET that adequate care was being taken to ensure these did not compromise with the government's ease of doing business initiative. The Central Board of Indirect Taxes and Customs had launched an All-India Enforcement Drive from November 9, 2020 through the Directorate General of GST Intelligence and various Central GST formations. "More than 5,700 cases, involving an amount of about Rs 40,000 crore, have been detected," the official said.

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