GST fraud of Rs 20,124 crore found during November 9-January 31: Nirmala Sitharaman


The government has found GST extortion of Rs 20,124 crore between November 9, 2020, and January 31, 2021, Finance Minister Nirmala Sitharaman said on Tuesday. A nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit (ITC) falsely on the strength of phony/fake invoices is being done, she said in a written answer to the Rajya Sabha.

Giving subtleties of recognition/recuperation from November 9, 2020 (Date of commencement of special drive) to January 31, the minister said 2,692 cases were reserved by the officials including GST/ITC extortion of Rs 20,124.19 crore.

The sum recuperated during the time frame was Rs 857.75 crore and 282 people were captured. In answer to a different inquiry, Minister of State for Finance Anurag Singh Thakur said the personal expense office has distinguished undisclosed income of Rs 2,223.88 crore between April-December of the current financial. Likewise, searches were directed on 250 gatherings between April-December, 2020, and total assets seized remained at Rs 6,500.78 crore.

“A robust risk profiling mechanism has been put in place to identify and monitor high-risk cases primarily through the use of information technology and appropriate action is taken as per the law,” Thakur added.

The GST e-invoicing framework was executed from October 1, 2020, for organizations with a yearly turnover of Rs 500 crore or more. It was subsequently stretched out to organizations with over Rs 100 crore turnover from January 1, 2021. Under e-invoicing, taxpayers need to produce invoices on their inner frameworks (ERP/bookkeeping/charging programming) and afterward report them online to Invoice Reference Portal (IRP). The IRP approves the data gave in the invoices and returns the carefully marked e-invoices with a novel Invoice Reference Number (IRN) alongside a QR code to the citizen.

The GST intelligence and CGST specialists have booked over 3,200 cases of evidence against 9,600 phony GSTIN elements as of now. Likewise, the specialists have recuperated more than Rs 1,000 crore from these fraudsters. The top states among GST frauds are Delhi, Tamil Nadu, Maharashtra, Gujarat, and Haryana. In Gujarat, the SGST office has uncovered fake billing scams worth Rs 18,000 crore including tax avoidance of nearly Rs 2500 crores.

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