GST evasion worth Rs 20,000 crore detected; govt will take measures to increase compliance: CBIC official

New Delhi, Feb 28 (KNN) The government has detected Goods and Services Tax (GST) evasion worth Rs 20,000 crore so far this fiscal, said a senior tax officer of Central Board of Indirect Taxes and Customs (CBIC)

Speaking at an event organized by Assocham, CBIC Member (Investigation) John Joseph, said “GST evasion is a matter of concern. Between April 2018 and February 2019, GST evasion worth Rs 20,000 crore has been detected.”

The department claimed that out of the Rs 20,000 crore tax evasion detected so far, the department had recovered Rs 10,000 crore and was in the process of tracking more evasions, he stated.

He said the tax officers detected fake invoices worth Rs 1500 crore which were used to claim illegal GST credit of Rs 75 crore.

“We have already recovered Rs 25 crore and the rest is on the way,” Joseph said.

Admitting the presence of ‘black sheep’ in business, Joseph said the government would take more measures to increase compliance, and act against evaders in such a way that genuine businesses did not suffer.

(KNN/YV)