Watchdog sniffs 2 lakh cr GST evasion in FY24
Business new tamfitronics
NEW DELHI: Investigation arm Directorate General of GST Intelligence (
DGGI
) detected 6,084 cases involving over Rs 2 lakh crore 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 lakh crore 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 DGGI, about 46% of the evasion cases related to non-payment of tax (through clandestine supply and undervaluation), 20% related to fake
Input Tax Credit
(ITC), and 19% to wrong availment/non-reversal of ITC.