GST evasion during five years (FY21-FY25) crossed over ₹7 lakh crore, Finance Ministry informed Lok Sabha on Monday. This is more than 17 per cent of the net Central GST collection.
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In a written response, Minister of State in Finance Ministry Pankaj Chaudhary told the Lok Sabha that between FY21-FY25, the number of cases of GST evasion surged to over 30000 from about 12500.
Detection jumped to over ₹2.3 lakh crore from less than ₹50,000 crore. While voluntary deposit as a percentage of total detection was slightly better in FY21, it started declining from next year onwards.
Read more at : The Hindu businessline
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