- The Indian government’s report on GST collections over the past five years shows fluctuations, with significant shortfalls in FY 2019-20 and FY 2020-21, followed by exceeding targets in subsequent years, culminating in 100.1% achievement for FY 2023-24.
- Since 2020, over 86,000 GST evasion cases have been detected, resulting in ₹6.79 lakh crore in potential tax evasion, with ₹1.23 lakh crore voluntarily deposited, while ITC fraud cases totaled 42,673, involving ₹1.66 lakh crore in detected fraud.
- To enhance compliance, the government has implemented measures such as e-invoicing, risk-based GST analytics, and advanced projects like “Project Anveshan,” but the effectiveness of these measures in improving compliance and reducing fraud is influenced by broader economic factors.
Source Taxguru
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