GST Evasion: GST Officers identify 15000 Fake Entities evaded GST worth Rs.38,000 crore:

GST Evasion: GST Officers identify 15000 Fake Entities evaded GST worth Rs.38,000 crore Even as tax officials seek to close loopholes in order to tighten compliance for goods and services tax (GST), they have already identified almost 15,000 businesses and uncovered evasion totaling more than Rs 38,000 crore over the years. This covers incidents of fraudulent GST registration including the use of other people's PAN and Aadhaar numbers to claim Input Tax Credit, as well as the identification of fake organisations. The central GST administration filed roughly 5700 fake GST registration cases as a result of mismanagement of the other individual's PAN and Aadhaar information for ITC claiming between July 1, 2017, and June 30, 2018, . In such cases, evasion totaled Rs 27,246.16 crore, with Rs 922.58 crore recovered and 331 arrests made. Furthermore, 9,369 bogus firms were discovered in relation to enterprises suspected of committing fraud and claiming fake ITC of Rs 10,902 crore. In these cases, Rs 45 crore was recovered and seven people were arrested.

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