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Searched Tag: directorate general of gst intelligence
GST evasion cases reached unprecedented levels in the fiscal year 2023-24, with authorities uncovering over Rs 2.01 trillion in evaded taxes, equivalent to nearly 10% of the total GST collections for the period.

GST evasion soars to over Rs 2 trillion in FY24, nearly 10% of total collections

April 6, 2024, 05:50 PM - 2 min read

 The Directorate General of GST Intelligence (DGGI), the intelligence arm under the Ministry of Finance's Department of Revenue, reported that a significant portion of the detected evasion was concentrated 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).

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