GST Evasion: The Government Expects A 50,000 Crore Recoupment After Many Notifications Are Issued

In FY24, GST officials have discovered evasions totaling 1.36 lakh crore, of which 14.108 crore has already been collected.

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According to Business Standard, the Indian government expects to recoup 50,000 crore in evaded Goods and Services Tax (GST) in FY24.

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This sum is more than double what was collected in FY23 and is expected to be the largest yearly tax collection, according to the report.

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