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GST Officials Use AI, Detect 14,597 Tax Evasion Cases In Apr-Dec 2023

GST intelligence officers have detected fake input tax credit (ITC) cases worth Rs 18,000 crore in April-December of the current fiscal and arrested 98 fraudsters/ masterminds.

Andhra-pradesh , India , Netra , Gujarat , State-of-andhra-pradesh , Puducherry , Pondicherry , Haryana , Pankaj-chaudhary , Lok-sabha , Services-tax , Business-intelligence

GST evasion: GST officials detect 14,597 tax evasion cases in Apr-Dec 2023

GST officers in India are using data analytic and artificial intelligence tools to identify taxpayers suspected of fake input tax credits. During April-December 2023, 14,597 cases of GST evasion were registered, with Maharashtra having the highest number (2,716). The use of NETRA, BIFA, and ADVAIT tools has helped detect fake ITC cases worth Rs 18,000 crore and arrest 98 fraudsters.

Andhra-pradesh , India , Puducherry , Pondicherry , Haryana , State-of-andhra-pradesh , Netra , Gujarat , Pankaj-chaudhary , Lok-sabha , Services-tax , Business-intelligence

Latest News | GST Officials Detect 14,597 Tax Evasion Cases in Apr-Dec 2023

Get latest articles and stories on Latest News at LatestLY. GST officers are using data analytic and artificial intelligence tools like Business Intelligence and Fraud Analytics to identify risky taxpayers suspected of passing or availing fake input tax credits, Parliament was informed on Monday.
Latest News | GST Officials Detect 14,597 Tax Evasion Cases in Apr-Dec 2023.

Andhra-pradesh , India , Haryana , Puducherry , Pondicherry , New-delhi , Delhi , Netra , Gujarat , State-of-andhra-pradesh , Pankaj-chaudhary , Lok-sabha

GST officials detect 14,597 tax evasion cases in Apr-Dec 2023

GST officials detect 14,597 tax evasion cases in Apr-Dec 2023
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Andhra-pradesh , India , State-of-andhra-pradesh , Puducherry , Pondicherry , Netra , Gujarat , Haryana , Pankaj-chaudhary , Lok-sabha , Services-tax , Business-intelligence

Delhi Budget 2023-24: Know The Key Highlights

Kailash Gahlot, the finance minister for Delhi, unveiled the Rs, 78,800 crore budget for the coming financial year 2023–2024. Big announcements were made in the budget in the area of...

Delhi , India , Kailash-gahlot , Intelligence-network , Tax-policy , Revenue-augmentation , Revenue-augmentation-unit , Business-intelligence , Fraud-analytics , Delhi-borders , Delhi-budget , Ey-highlights

Centre's FY22 GST compensation estimated to be higher than projected Rs 1.58 lakh cr: Opp-ruled states

Finance ministers of Kerala, Punjab and Chhattisgarh said there was no consensus regarding the compensation requirement in 2021-22 in the May 28 GST Council meeting

Chhattisgarh , India , Kerala , Manpreet-singh-badal , Ts-singh-deo , Revenue-augmentation , Post-june , Finance-minister-manpreet-singh-badal , Finance-ministerkn-balagopal , Finance-minister-ts-singh-deo , Gst-compensation-news

'GST compensation amount should be higher than Rs 1.58 trillion in FY22'

Read more about 'GST compensation amount should be higher than Rs 1.58 trillion in FY22' on Business Standard. The compensation amount promised by the Centre is estimated to be higher than the Rs 1.58 trillion projected by the Centre, say three opposition-ruled states

Chhattisgarh , India , Kerala , Manpreet-singh-badal , Ts-singh-deo , Revenue-augmentation , Post-june , Finance-minister-manpreet-singh-badal , Finance-ministerkn-balagopal , Finance-minister-ts-singh-deo , Goods-and-services-tax

Centre's FY22 GST compensation amount should be higher than projected Rs 1.58 lakh crore: Opp-ruled states

Finance ministers of Kerala, Punjab and Chhattisgarh said there was no consensus regarding the compensation requirement in 2021-22 in the May 28 GST Council meeting and a special session would be called only to discuss 'Revenue Augmentation and Post June 2022 compensation'.

Chhattisgarh , India , Kerala , Manpreet-singh-badal , Ts-singh-deo , Revenue-augmentation , Post-june , Finance-minister-manpreet-singh-badal , Finance-ministerkn-balagopal , Finance-minister-ts-singh-deo , Punjab

Taxman's Data War- Business News

Taxman's Data War
As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers
Illustration by Nilanjan Das
Last year, a businessman from Rajkot, Gujarat, declared an income of less than Rs 5 lakh in his tax return. However, information collated by the Income Tax (I-T) Department showed he had deposited Rs 10 crore - and withdrawn Rs 7.5 crore - in cash during the year. The department sent him six notices, a dozen SMS alerts and tried every means to contact him. He remained elusive, forcing it to raid the business premises mentioned in the I-T return. It was a wrong address. I-T officials took the home address from his bank, but he was missing from there. It is now in the process of attaching his bank account and other assets.

Delhi , India , Netra , Gujarat , Japan , Vapi , India-general , Rajkot , United-kingdom , Brazil , China , Kolkata

Taxman's Data War- Business News

Taxman's Data War- Business News
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Delhi , India , Netra , Gujarat , Japan , Vapi , India-general- , Rajkot , United-kingdom , Brazil , China , Kolkata