Tax evasion of Rs 50,000 cr detected in last 1.5 years

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The Central Board of Indirect Taxes and Customs (CBIC) investigation wing has detected tax evasion of over Rs 50,000 crore during the last one-and-a-half years. While Goods & Services Tax (GST), which was implemented in July 2017, accounted for less than 10% of the total evasion detected, the rest of cases booked during April 2017-September 2018 comprised central excise and service tax evaded during the old tax regime.

GST evasion of Rs 4,441 crore has been found in 604 cases registered during July 2017-September 2018, as per the data available with the Director General of Goods & Services Tax Intelligence (DGGI), which functions under CBIC.

Of the total number of tax evasion cases of Rs 50,109 crore, as many as 3,142 cases of evasion of service tax and central excise totalling Rs 45,668 crore were detected by the investigators during April 2017 and September 2018.

As many as 2,787 are related to service tax and involve Rs 39,047 crore while 355 cases of Rs 6,621 crore pertain to central excise.

Read More at: https://www.dnaindia.com/business/report-tax-evasion-of-rs-50000-cr-detected-in-last-15-years-2687053