Business
Rs 1.51 lakh crore of GST evasion detected in April-October, Maharashtra tops list
New Delhi, Dec 6
The government has detected goods and services tax (GST) evasion to the tune of Rs 1.51 lakh crore between April to October in the current financial year (2023-24), according to data tabled by the Finance Ministry in Parliament on Tuesday.
The highest tax evasion of Rs 84, 400 crore was detected in Maharashtra, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha.
There has been an increase in tax evasion in the current financial year as in 2022-23, as tax authorities detected tax evasion of Rs 1.32 lakh crore, according to the data.
The tax authorities have also issued 71 notices to online gaming companies for not paying GST of Rs 1.12 lakh crore in financial years 2022-23 and 2023-24, Chaudhary said.
In August, the GST Council headed by the Finance Minister had decided to impose a 28 per cent tax on online gaming companies on the total funds deposited to play online games.
2 hours ago
IDFUSA ‘ORG (International Development Foundation) Annual Charity Event Highlights Compassion-Led Projects, Global Partnerships, and Scalable Social Impact
2 hours ago
“THE GREEN ALERT” Documentary Garners Global Attention for Urgent Environmental Message
2 hours ago
JSW Sports Signs U19 Women’s T20 World Cup Winning Captain Niki Prasad
2 hours ago
Trump claims progress in Iran talks, but Tehran stays silent
3 hours ago
Aditya Dhar’s ‘Dhurandhar-The Revenge’ rakes in whopping Rs. 1365 crore globally
3 hours ago
US to finish Iran fight in weeks: Marco Rubio
3 hours ago
Usha Vance launches kids’ reading podcast
4 hours ago
Trump warns Iran on Hormuz, power grid if deal is not reached
8 hours ago
Satheesan-Vijayan development debate challenge takes centre stage in poll-bound Kerala
8 hours ago
Rahul Gandhi opens Kerala campaign for Cong with sharp attack on LDF–BJP 'hidden pact'
9 hours ago
Bharath-starrer 'Kaalidas 2' cleared for release with U/A certificate
9 hours ago
Basil Joseph-starrer Raawadi's shooting wrapped up
9 hours ago
Farida Jalal brings back Rajesh Khanna-era nostalgia, recreates iconic 'Aradhana' song after 57 years
