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of <h1>GST Probe Uncovers Rs. 2,000 Crore Tax Evasion; Fake Invoices Rampant Among Businesses, Compliance Issues Persist.</h1> The GST investigation wing has uncovered tax evasion exceeding Rs. 2,000 crore within two months. Analysis shows that only 1% of over 1.11 crore registered businesses contribute 80% of the taxes. A senior CBIC official highlighted that both small businesses and large corporations are making errors in GST filings. The investigation revealed the use of fake invoices to claim input tax credits and GST refunds without actual transactions or exports, indicating a significant compliance issue. The GST Intelligence wing plans to intensify efforts to address these fraudulent practices.
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