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.

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

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.