₹2.01 lakh crore GST evasion detected in 2023-24 fiscal year, primarily in online gaming, banking, and insurance sectors.

The Directorate General of GST Intelligence (DGGI) detected ₹2.01 lakh crore ($24.8 billion) in GST evasion for the 2023-24 fiscal year, nearly double the ₹1.01 lakh crore identified in 2022-23. The online gaming and banking, financial services, and insurance sectors were the most affected. The rise in evasion cases, totaling 6,084, reflects a growing trend since the GST's implementation in 2017, with key issues including tax non-payment and fraudulent Input Tax Credit claims.

September 14, 2024
29 Articles

Further Reading