- ₹7.08 trillion in GST evasion detected over five years in India
- 91,370 cases identified, with ₹1.79 trillion linked to fraudulent ITC claims
- Evasion peaked in FY 2024–25 with ₹2.23 trillion detected
- Yearly breakdown shows increasing evasion and ITC fraud
- Tax authorities recovered over ₹1.29 trillion through voluntary deposits
- Government using technology and analytics to curb evasion
- Digital tools like e-invoicing and AI-based systems aid in detection
- Despite evasion, GST collection remains stable
- FY 2024–25 net CGST collection was ₹10.26 trillion, achieving 96.7% of estimates
- Strengthening compliance mechanisms expected to boost revenue further
Source: the420.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
