sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Indirect Tax »
  Indirect tax evasion cases post a decline in FY18-19
 Income tax return revision: How many times can a return be revised? Find out
 CBDT notifies new I-T return forms
 Here are the key changes in tax rules to come into effect from today
 GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?

Indirect tax evasion cases post a decline in FY18-19
September, 24th 2018

A closer look at government data reveals that the Central Board of Direct Taxes (CBDT) has registered an over six-fold increase in the number of prosecution cases filed in courts to 4,524 in 2017-18 from 669 in 2014-15.

As the government has stepped up action against financial irregularities and frauds, cases by various agencies such as Central Board of Direct Taxes (CBDT), Directorate of Revenue Intelligence (DRI) and Directorate General of GST Intelligence (DGGSTI) recorded a significant increase over the last four years. When it comes to direct and indirect taxes, though, there is a clear divergent trend.

A closer look at government data reveals that the Central Board of Direct Taxes (CBDT) has registered an over six-fold increase in the number of prosecution cases filed in courts to 4,524 in 2017-18 from 669 in 2014-15. Searches and seizure by CBDT have also seen a spurt, rising to 1,152 in 2016-17 and 581 in 2017-18 (provisional) from 545 in 2014-15. On the indirect tax front, though, a significant drop in the evasion cases detected by the Directorate General of GST Intelligence (formerly Directorate General of Central Excise Intelligence) is evident, with 237 cases involving amount of Rs 1,332.6 crore detected in 2017-18 and 155 cases involving Rs 727.1 crore in 2018-19 (up to June), as against 1,550 cases involving Rs 12,112.5 crore in 2015-16. In 2016-17, the agency had detected 2,011 cases involving amount of Rs 15,074.1 crore.

Recovery in evasion cases involving GST (earlier Central excise and service tax) have also registered a sharp decline from Rs 1,975.4 crore recovered in 1,067 cases in 2015-16 to Rs 354.9 crore in 93 cases in 2017-18 and Rs 475.8 crore in 127 cases in 2018-19 (up to June), government data showed. Interestingly, the number of persons arrested by DGGSTI have increased from 14 in 2015-16 to 23 in 2017-18.

The value of total assets seized by CBDT increased to Rs 1,469.45 crore in 2016-17 and Rs 997.17 crore (provisional) from Rs 761.70 crore in 2014-15, while the undisclosed income increased to Rs 15,754.95 crore in 2017-18 from Rs 10,228.05 crore in 2014-15.

Cases involving fraud detected by Directorate of Revenue Intelligence (DRI) have nearly doubled to 847 in 2017-18 from 437 in 2015-16. The amount of duty recovered in these cases increased to Rs 956.03 crore in 2017-18 from Rs 500.09 crore in 2015-16. In 2018-19, up to July, DRI detected 181 fraud cases and recovered duty of Rs 724.63 crore.

A steady rise has also been recorded in the investigations by Registrar of Companies that have increased to 119 in 2017-18 and 83 in 2018-19 (till date) from 2 in 2015-16 and 3 in 2016-17. Till August this year, 19 persons/companies have been convicted in 91 criminal complaints, data showed.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions