GST evasion detection hits all-time high of ₹2.23 trillion in FY25

The Central Board of Indirect Taxes and Customs (CBIC) detected Goods and Services Tax (GST) evasion of ₹2.23 trillion in the financial year 2024-25 (FY25), an all time high figure which was 10 per cent more than the previous year’s ₹2.02 trillion.  In FY23, the GST evasion stood at ₹1.01 trillion.  In FY25, voluntary payments by taxpayers stood at ₹28,909 crore, according to data shared…