After overcoming initial challenges with GST implementation, efforts have been made to improve the ease of doing business, attract new taxpayers, streamline the return filing process and meet tax targets. However, a formidable challenge remains for the state and the country: massive tax evasion.
The sessions court on Thursday reserved the order on the plea of the department of CGST moved against the order of the magistrate court granting bail to managing director and two top executives of Shemaroo Entrainment limited booked for allegedly evading payment of tax.
In a recent crackdown, the state Goods and Services Tax (GST) department uncovered substantial tax evasion across various eateries and ice cream parlours in Gujarat.
DGGI,, Ahmedabad Zonal Unit, raided five companies in Mahuva taluka and seven other locations in Gujarat for alleged tax evasion. The raids uncovered that these companies misclassified chocolate-flavored peanut butter, taxed at 18%, as plain peanut butter, taxed at 12%, resulting in a 6% tax evasion. These raids uncovered alleged tax evasion of ₹80 crore and led to an immediate recovery of Rs.5 crore.
CBIC is mulling to merge its existing database of DG (Systems) with that of GSTN in order to expand its coverage of taxpayer activities, and curb tax evasion, a senior official told FE.
The Department of Central Goods and Services Tax has accused – Shemaroo Entertainment Pvt Ltd and its office bearers- Joint Managing Director, Chief Executive Officer and Director and Chief Financial Officer of alleged evasion of Goods and Services Tax (GST) to the tune of Rs 133.60 crores through 20 bogus firms.
You might have often come across instances of the Directorate General of GST Intelligence (DGGI), issuing notices and alleging tax evasion. You may have even asked yourself what this organisation is all about? How does it function? How does it uncover instances of tax evasion?
The Directorate General of Goods and Services Tax Intelligence (DGGI), Jamshedpur regional unit, has arrested two businessmen brothers from Kolkata on charges of GST evasion to the tune of Rs. 522 crore for doing a business transaction of Rs. 3,000 crore.
In a major push to curb GST evasion, the Directorate General of GST Intelligence (DGGI) claims to have detected 6,074 cases involving evasion of duty amounting to Rs. 2,01,931 crore, top sources told CNBC-TV18. This marks a staggering 99% surge in the year-on-year (YoY) detection of tax evasion compared to the amount of duty evasion detected by the investigation arm of the tax authority.
Online Gaming & Casinos emerged at the top in terms of detection of GST evasion during Fiscal Year 2023-24, annual data compiled by the Directorate General of GST Intelligence (DGGI) showed. This sector alone accounted for more than 40 per cent of the amount involved in GST evasion detection
