Over Rs 2 lakh cr GST evasion in FY24, almost 10% of collections

Goods and Services Tax (GST) authorities are learnt to have detected evasion of around Rs 2.01 lakh crore in 2023-24 — an amount equal to almost 10% of the total GST collected during the financial year. The all-time high level of detection of GST evasion cases in FY24 came even as gross GST collections recorded a 11.6% increase from the previous financial year to Rs 20.18 lakh crore. The Dir…