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NEW DELHI — In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people to claim an input tax credit (ITC).
These 5,000-odd cases have led to the detection of INR 27,426 crore of GST evasion. However, the recovery has only been worth INR 922 crore in the past six years.
These figures pertain to the period between July 1, 2017 (commencement of GST regime) and June 30, 2023.
Among the states, Maharashtra, Delhi, and Tamil Nadu are the top three in terms of fraud cases of misuse of GST registration with 765, 713, and 632 cases detected, respectively.
[bsa_pro_ad_space id=1]In Maharashtra, INR 3,889 crore worth of GST evasion was detected, while only INR 171 crore was recovered.
In Delhi, INR 4,326 crore worth of GST evasion was detected, while the recovery was only worth INR 159 crore and in Tamil Nadu, INR 1,877 crore worth of GST evasion was detected and the recovery was only a paltry INR 44 crore.
Interestingly, between May 16, 2023, and July 9, 2023, an astounding 9,369 bogus entities have been detected by the government. Also, INR 10,902 crore worth of GST evasion was detected. However, recovery has only been worth INR 45 crore from these bogus entities.
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