Over Rs 2 lakh cr GST evasion in FY24, almost 10% of collections
Goods and Services Tax (GST) authorities are learnt to have detected evasion of around Rs 2.01 lakh crore in 2023-24 — an amount equal to almost 10% of the total GST collected during the financial year.
The all-time high level of detection of GST evasion cases in FY24 came even as gross GST collections recorded a 11.6% increase from the previous financial year to Rs 20.18 lakh crore.
The Directorate General of GST Intelligence (DGGI), the intelligence wing under the Ministry of Finance’s Department of Revenue, has found that the majority of the alleged tax evasion was in sectors such as online gaming and casinos (Rs 83,588 crore), co-insurance/re-insurance (Rs 16,305 crore) and secondment (Rs 1,064 crore).
