Tax officers detect Rs 25K cr GST evasion by 18,000 bogus firms
Tue, Nov 5, 2024 3:58 PM

Tax officers detect Rs 25K cr GST evasion by 18,000 bogus firms

A Flip by Shubhangi Gupta
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Tax officers have detected 18,000 fake companies under GST, involved in tax evasion of Rs 25,000 crore, following a nationwide drive against fake registrations. The drive identified 73,000 suspect companies, with 18,000 found non-existent, and voluntary GST payments of Rs 70 crore were made. Tax officers have been taking targeted action to prevent fake registrations.

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