12,000 crore GST evasion tracked down

Government officials have detected tax evasion of 12,000 crores in 8 months till November. But they also quoted that only 5-10 per cent assesses have evaded taxes. CBDT and CBIC said that e way of billing has reduced the GST evasion.

Joseph, who looks after the investigation in the CBIC, said almost Rs 8,000 crore worth GST evasion has been recovered by the tax officials. Joseph said only 5-10 per cent of the 1.2 crore assessees are evading GST and bringing a bad name to the industry. “We need to improve compliance mechanism.”

The CBIC member also said the new GST return forms will have a beta version initially, so that industry has enough time to suggest what could be done to improve the quality of returns.

 

 

In March, the New Delhi bench of the AAR quoted that duty-free shops based at airports are liable to implement GST from passengers. However, these shops were exempt from service tax, and Central Sales Tax in the earlier regime.

Source: Indian Express


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