Rs7,421crore tax evasion in April-June

New Delhi, August 3

GST officers have detected tax evasion of Rs 7,421 crore in the April-June period of the current fiscal, Parliament was informed on Tuesday.

In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary gave details of the total tax evasion detected in GST in the last 3 years. In 2019-20, 10,657 cases of evasion, involving Rs 40,853.27 crore were detected.

“Tax evaders are known to commit fraud even on electronic platforms by way of misrepresentation of facts like furnishing of fake credentials at the time of registration; by indulging in raising a fake invoice to avail under Input Tax Credits; misdeclaration of classification etc.,” the minister informed. — PTI