Rs 81,875 crore GST evasion detected in online gaming in FY24, says CBIC

Quick Summary:

In its latest annual report, DGGI said it has detected 6,084 cases of tax evasion—the highest ever—involving Rs 2.01 trillion of GST in 2023-24.

Electronic items had 23 cases involving Rs 1,165 crore, while marble, granite, and tiles had 235 cases with Rs 315 crore in evaded taxes.

The GST intelligence wing has initiated action against 118 domestic online gaming entities, and show cause notices have been issued to 34 taxpayers involving a tax amount of Rs 1.1 trillion.

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Article Details

Category: BusinessFinance

Markets: IndiaMalta

Topics: Directorate General of GST Intelligence GST Tax collection Indirect tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-15 @ 20:16:41 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 673 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 22516055

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