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Government Tightens Checking Over Falling GST Revenues

tax evasion

The government is totally in action against the possible tax evaders as recently the GST department in Mumbai has confiscated as many as 90 parcels of gold ornaments in a possible suspect of tax evasion supplies. Also, around 85 carriers have been detained in the case of no eligible paperwork for doing the logistics of the consignment.

Last year the Kerala GST department cracked down on 14 kg of gold jewellery worth INR 4.8 crore, while 3 kg of gold from Kochi which was flouting the norms of GST. Till now, the government has been seen doing compliance burden easy but after having gone through such cases, it seems that the government is also strict on the other side of the business.

The nationwide implementation of a GST e waybill from February 1 is expected to curb the tax evasion transitions of supplies across the nation on which the tax has been paid with proper paperwork done. Earlier the e-way bill couldn’t see the light of the day as the software and another system in the chain were not working properly. The government also suspects that due to the enormous cash dealing in the logistics chain across the nation, there might be some hampering on the tax revenue, due to which the government has now decided to take down all those tax evaders through tighter scrutiny.

From the last 4 months, the tax revenues are continuously dipping, giving a fair idea of possible tax leakage within the system. The GST council has proposed the e-way bill on all the logistics above the price value of INR 50000 for the tax purposes. The invoice along with the related e-way bill must be attached and should be carried by the driver the officers intercepted the vehicle for checking.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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