Massive crackdown on GST evaders: Govt initiates action against 7000 entities, 5 CAs among 187 arrested
India TV NewsIn a massive crackdown on GST evaders, the government has initiated action against 7,000 entities including the arrest of 187 -- a campaign that contributed to buoyancy in tax collection. In an interview to PTI, Finance Secretary Ajay Bhushan Pandey said action against fake invoicing racket in last one-and-a-half month hs led to arrest of 187, including five chartered accountants and one company secretary. Pandey, who is also the Revenue Secretary, said that the income tax department immediately follows up on all the cases booked under GST fake invoice because the tax implication is higher. The secretary said they have detected many shell companies that are issuing invoices worth crores of rupees and not paying income tax and paying the entire liability through ITC.