Karnataka GST Evasion Cases Jump Fivefold to ₹39,577 Crore in FY25
Karnataka recorded a dramatic surge in Goods and Services Tax (GST) evasion during the 2024–25 financial year, with the Central GST (CGST) department detecting evasion worth ₹39,577 crore—over five times higher than the previous year. The data, presented by Finance Minister Nirmala Sitharaman in a written reply to the Lok Sabha, also clarified that no notices were issued solely on the basis of UPI transactions by the central authorities.
The spike reflects enhanced detection and enforcement efforts by CGST authorities in the state.
Responding to concerns that small traders and shopkeepers in Bengaluru had received high-value GST notices based on digital transaction data, the Finance Minister clarified,
The Finance Minister’s remarks addressed traders’ concerns over GST enforcement practices and highlighted the sharp increase in evasion detection in Karnataka. Officials attribute this rise partly to improved analytics, data-sharing mechanisms, and targeted inspections.
National News Bharat Tex 2026 Showcases India’s Global Textile Industry Ambitions India will host Bharat…
The central government set to strengthen the local self-government in Ladakh has received positive response…
As India's digital financial ecosystem continues to expand rapidly, cyber threats are becoming more sophisticated,…
As artificial intelligence (AI) is growing faster than before, but the ability to monitor and…
The procedure for the allocating of Tariff Rate Quota (TRQ) allocations has been formally announced…
For Gujarat agriculture sector, Geographical Indication (GI) tag awarded to Unjha cumin (Jeera) and Unjha…