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Govt suspects under-reporting to the tune of Rs 34,000 crore between July-Dec 

Preliminary analysis of returns filed between July and December with the GST Network has indicated that the scale of under-reporting of tax liabilities could be as much as Rs 34,000 crore.

The issue was flagged at Saturday's GST Council meeting. Details of the "suspects" will be shared with states for action after analysing details of individual taxpayers, the report said.

In last few months, GST revenues have come below expectation. Tax experts say this is happening as the government has failed to implement several of the planned anti-evasion measures like invoice matching to track the value of sale and purchase or e-way bills to keep tabs on movement of goods from factories to showrooms.   

short by: NP / read more at Times Now

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