Tax evasion under GST? Only 16% initial returns match with final ones
According to the GST returns data, 34 per cent of businesses paid Rs 34,400 crore less tax between July-December while filing initial summary return (GSTR-3B). These 34 per cent of the businesses have paid Rs 8.16 lakh crore to the exchequer by filing GSTR-3B, whereas analysis of their GSTR-1 data show that their tax liability should have been Rs 8.50 lakh crore
The GST Council, headed by Finance Minister Arun Jaitley, on March 10 decided to further analyse data gaps between self-declared liability in GSTR-1 and the taxes paid while filing GSTR-3B. Image source: PTI