TMI BlogGST authorities recover more than ₹ 1,900 crore in tax evasion in FY 2021-22 (upto June 2021)X X X X Extracts X X X X X X X X Extracts X X X X ..... GST authorities recover more than ₹ 1,900 crore in tax evasion in FY 2021-22 (upto June 2021) - Goods and Services Tax - GST Dated:- 3-8-2021 - News - The interface for the taxpayers is on a digital platform and software-based, to be used for payment of tax and to comply with the requirements of law and procedure by taxpayers. This was stated by Union Minister of State for Finance Shri Pan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... kaj Chaudhary in a written reply to a question in Rajya Sabha today. Giving details of total tax evasion detected in GST in last three years, the Minister stated: Period No. of Cases Detection (In Rs. Cr.) Recovery (In Rs. Cr.) 2019-20 10657 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 40853.27 18464.07 2020-21 12596 49383.96 12235.00 2021-22 (upto June 21) 1580 7421.27 1920.20 Elaborating further, the Minister stated that, however, tax evaders are known to commit fraud even on electronic platforms by way of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mis-representation of facts like furnishing of fake credentials at the time of registration; by indulging in raising fake invoice to avail under Input Tax Credits; mis-declaration of classification etc. The Minister stated that evasion may be committed intentionally and at times non-payment of tax may happen due to human error. However, no evasion of tax has been reported due to failure in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CBIC back-end system. Enumerating the steps taken to prevent tax-evasion, the Minister stated that various validations have been built in GSTN/CBIC system to weed out tax- evaders, such as: Introduction of AADHAR authentication for processing of new registration application. Applicants not opting for Aadhaar authentication or failing authentication are subjected to physical verification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Principal Place of Business before grant of registration; Facility to verify cancelled / existing registrations of the applicants seeking new registrations; Provisions to suspend / cancel registration of taxpayers found to the adverse notice of the department; Bulk suspension of registration by GSTN based on business intelligence and further follow up of the same by the CBIC; Bu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lk cancellation of registration of taxpayers who failed to file GSTR3B returns for six or more consecutive months; Blocking of ITC credit; Facility to verify ITC through generation of GSTR-2A . - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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