GST Evasion Doubles in FY24; Mumbai Tops Detection List

By: Admin
September 16, 2024
Categories: GST Recent News
4 Min Read

The GST evasion detected in the financial year 2023-24 surged to *Rs 2.01 lakh crore, nearly double the *Rs 1.01 lakh crore recorded in the previous year, according to the *Directorate General of GST Intelligence (DGGI). The *Mumbai zone topped the list with the highest detection at Rs 70,985 crore, followed by Delhi (Rs 18,313 crore), Pune (Rs 17,328 crore), Gurugram (Rs 15,502 crore), and Hyderabad (Rs 11,081 crore).

Evasion-Prone Sectors:

The real money online gaming sector, along with *banking, financial, and insurance (BFSI), were identified as the most **evasion-prone services. In terms of goods, sectors like **iron, copper, scrap & alloys, and *pan masala, tobacco, and cigarettes topped the list.

GST Evasion Breakdown:

  • Total Cases in FY24: 6,084 cases (up from 4,872 in FY23).
  • Voluntary Payments: Rs 26,605 crore in 4,520 cases (compared to Rs 20,713 crore in 3,683 cases in FY23).
  • Major Evaders:
  • Real Money Online Gaming: Rs 81,875 crore (78 cases).
  • BFSI Sector: Rs 18,961 crore (171 cases).
  • Works Contract Services: Rs 2,846 crore (343 cases).

Evasion in Goods:

  • Iron, Copper, Scrap & Alloys: Rs 16,806 crore in 1,976 cases.
  • Pan Masala, Tobacco, Cigarettes: Rs 5,794 crore in 212 cases.
  • Plywood, Timber & Paper: Rs 1,196 crore in 238 cases.
  • Electronic Items: Rs 1,165 crore in 23 cases.

Historical Trends:

The DGGI report shows a steady rise in GST evasion detection since the GST rollout in 2017, with Rs 7,879 crore detected in 2017-18, gradually increasing to Rs 50,325 crore in 2021-22.

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