Arecent extensive operation by the Goods and Services Tax (GST) authorities has revealed tax evasion amounting to Rs.30,000 crore. The evasion is said to have been facilitated through the use of stolen identities, including approximately 18,000 Permanent Account Numbers (PAN) and Aadhaar cards. It has been alleged that the beneficiaries of various government schemes such as PM Kisan and social security programmes, had their identities misused to establish 4,000 fictitious companies and 16,000 fraudulent GST registrations.
The Goods and Services Tax authorities initiated a comprehensive two-month operation against tax evasion, commencing on May 16. In the initial week, approximately 10,000 fraudulent registrations were identified.
To tackle the organised nature of the evasion, the GST authorities collaborated with other agencies such as the Income Tax Department, Enforcement Directorate and the Ministry of Corporate Affairs. These agencies also initiated independent actions against the individuals and companies involved in this evasion, with operations in 16 states.
Read more at : NEWS18
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