Six years after the rollout of the biggest indirect tax reform in India, a Goods and Services Tax (GST) revenue of ₹1.5 trillion every month has become the new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.
To apprehend fraudsters, who operate in syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artificial intelligence and machine learning aiming to curb evasion, which is over ₹3 trillion since the inception of the GST. It was over {1 trillion in 2022-23.
Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of the GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
هذه القصة مأخوذة من طبعة June 30, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 30, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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