Key Points
The Directorate General of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI) have detected alleged Integrated GST evasion to the tune of 11,000 crore by 24 large importers...
"So far evasion detected is about 11,000 crore in about 24 cases and we have sent notices to seven entities in this regard," a senior official from one of the agencies told ET...
The tax evasion in these cases has been detected based on data generated by the Advanced Analytics in Indirect Taxation (ADVIT), said the official cited above...
While there were many instances of wrongly availing input tax credits, notices were being sent only in cases where data was independently verified and investigated by field formations, the official said...
"The new functionalities are intended to enable a deeper and richer analysis of revenue and of trends in both import and export," Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri wrote in a letter to all field formations on May 2..
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