In crackdown against GST evaders in Mumbai, authorities seize Rs 380 cr

Taking up an anti-tax evasion stand, the Mumbai CGST zone has so far identified over 47 thousand entities who are not paying any taxes since the CGST has been launched in the country. The number indicates that the amount of tax evasion in the Mumbai zone can go in thousands of crores

In crackdown against GST evaders in Mumbai, authorities seize Rs 380 cr
The Mumbai CGST zone comprising 11 taxpayer commissionerates, including Mumbai, Thane, Navi Mumbai, Palghar, Raigarh, Bhiwandi and Belapur, among others. Image source: PTI
By ZeeBiz WebTeam
Updated: Tue, Apr 10, 2018
10:36 am
ZeeBiz WebDesk
RELATED NEWS
GST a monumental reform, hit growth only for 2 qtrs: Arun Jaitley GST a monumental reform, hit growth only for 2 qtrs: Arun Jaitley
GST refunds of Rs 82,775 cr to exporters cleared; Rs 5,400 cr pending as on Oct 31 GST refunds of Rs 82,775 cr to exporters cleared; Rs 5,400 cr pending as on Oct 31
Don't get lost in Diwali festivities, remember to file GST return, as deadline looms; from format, eligibility, tax rules to penalties, all details here Don't get lost in Diwali festivities, remember to file GST return, as deadline looms; from format, eligibility, tax rules to penalties, all details here
Big setback for IPL lovers! This is what has happened to tickets prices Big setback for IPL lovers! This is what has happened to tickets prices

The Mumbai Central Goods and Service Tax (CGST) has detected tax evasion amounting to Rs 509 crore and have recovered Rs 381.57 crore from non-filers of tax since the implementation of CGST in the country. Taking up an anti-tax evasion stand, the Mumbai CGST zone has so far identified over 47 thousand entities who are not paying any taxes since the CGST has been launched in the country. The number indicates that the amount of tax evasion in the Mumbai zone can go in thousands of crores. The Mumbai zone was the first in the country to make the arrest under the GST act and so far four persons have been arrested in cases of tax evasion.

The Mumbai CGST zone comprising 11 taxpayer commissionerates, including Mumbai, Thane, Navi Mumbai, Palghar, Raigarh, Bhiwandi and Belapur, among others.

The total revenue collection from July last year to February stood at Rs 72,509 crore which is over 10 percent of the overall collection of GST(including state and central) in the country that is Rs 7,11,819 crore.

"We have a strategic way to approach such no-filers to get the returns filed and have been able to yield substantial revenue," said Manpreet Arora, Additional Commissioner of CGST and Central Excise.

(Vallabh Ozarkar, DNA)

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close