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GST - ghost of ITC abuse returns to haunt taxman

 

By TIOL News Service

NEW DELHI, JULY 31, 2018: THE number of cases of Tax Evasion reported post-GST regime are given in Table below:

 

 

 

       

Period

Detection

 
   

No. of cases

Amount in Crore

       
 

July 2017 to June 2018

1205

3026.55

       

The nature of cases include misuse of Input Tax Credit, mis-declaration in the GST Returns, tax declared in GST Returns & not paid, and cases where GST returns not filed and Tax not paid.

The details of number of entities claiming GST refunds based on fake invoices being reported to the Government are as under:

Period

Detection

 
 

No. of cases

Amount in Crore

     

July 2017 to June 2018

5

23.49

     

Based on intelligence received/developed, appropriate action is taken under law to protect the Government revenue.

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha.


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