The Group of Ministers (GoM) on GST income evaluation below Goa Chief Minister Pramod Sawant additionally mentioned comparative evaluation of pre- and post-GST income developments, e-invoicing and IT system enhancements for higher traceability.
The GoM additionally mentioned state-specific coverage solutions for reinforcing income, and coordination between central and state tax administrations for plugging GST evasion.
“The assembly mentioned state-wise income pattern evaluation, evaluation of financial and different elements on GST income and integration of anti-evasion and compliance software. The assembly additionally mentioned coverage suggestions for income augmentation,” Sawant stated after chairing the GoM assembly.
The GoM recognized Enter Tax Credit score (ITC) fraud as a significant problem below items and companies tax (GST) and states recommended numerous measures to stop it.
Officers stated the GoM flagged Rs 2 lakh crore of ITC fraud over the previous years, with states like Gujarat, Telangana, and Rajasthan making displays on greatest practices for GST income augmentation. The GoM would meet once more quickly and thereafter will submit its report back to the GST Council, chaired by Union finance minister and comprising ministers from all states. In March, the GST Council had reconstituted GoM on ‘Evaluation of Income from GST'. Chaired by Sawant, the GoM had 9 members, together with from Bihar (Samrat Chaudhary), Chhattisgarh (O P Choudhary), Gujarat (Kanubhai Desai), Andhra Pradesh (P Keshav), Maharashtra (Ajit Pawar), Punjab (Harpal Singh Cheema), Tamil Nadu (Thangam Thennarasu) and Telangana (M B Vikramarka).
ITC fraud has been a significant ache level for GST officers with fraudsters developing with new modus operandi to defraud the exchequer.
Throughout 2024-25, central and state GST officers have detected 25,009 faux companies concerned in fraudulently passing enter tax credit score (ITC) price Rs 61,545 crore.
As per knowledge on ITC frauds unearthed by central and state GST officers, over the 2 years 2023-24 and 2024-25, a complete of 42,140 faux companies had been detected, which had been concerned in fraudulently producing ITC of over Rs 1.01 lakh crore. A complete of Rs 3,107 crore was recovered by the use of blocking of ITC, and 316 arrests have been made.
