India’s tax enforcer shift gears to hunt big-ticket fraud, spare the small fry

The General Directorate of Intelligence (DGGI) gave a higher priority to researching individuals and assets that cause great damage to the economy through systematic tax evasion through systematic tax trafficking.

Although tax evasion and fraud is already the first priority for the DGGI, a stronger focus on them is expected to be a stronger deterrent and earn more income by providing effective use of time and resources.

This approach will ensure that the industry gets rid of investigations by the private agency on technical tax issues.

The above mentioned person is among the most important areas of the DGGI for the use of shell companies to produce false transactions and to make circular trade. In this context, circular trade is that two or more assets manipulate the trading channel to ask for input tax loans or to inflate sales without the real movement of goods.

Previously mentioned, “In some cases, this, larger loans and stock market fraud by manipulating stock prices by inflating the turnover was combined with bank fraudsters.” He said. “A similar modus opera for planned GST smuggling is to sell prepaid goods and services to declare lower turnover and pay lower taxes.”

Metal scrap, tobacco and plywood are very prone to tax smuggling sectors and will remain at the focus of the DGGI, this person, secret goods and services supply will attract high interest, he added.

DGGI did not answer the queries sent by e -mail on Saturday.

Fluctuation Advantages

Experts, intentionally and high -influenced fraud focusing on the DGGI, no longer or for small or technical disputes for the same level of examination will create a more fair playground for real businesses, he said.

“This will release time and resources for the focus of growth and innovation rather than long -term cases, Raha said Rajat Mohan, senior partner of an accountant company Amrg and Associates.

“At the same time, the prevention of organized tax evasion will protect government revenues, strengthen the official economy and increase investor confidence – as a result, people who wave to create business and sustainable economic growth.”

The latest approach of the DGGI reflects a union government’s strategy to check the tax evasion and wrong input tax loan demands, while the high -level authorities conference, the Minister of Finance Nirmala Sithaman, as emphasized by Nirmala Sithaman, enables the quick closure of the investigations and the rapid disposal of the complaints and complaints.

According to official estimates, the authorities identified more than 7 trillion smuggling in five years until 2024-25 “> La7 trillion gst kidnapping in about 91,000 cases. From that, La1,29,175 Crore was voluntarily deposited by evaluators, and the Union Foreign Minister Pancaj Chaudhary informed Lok Sabha on August 4th.

The scope of kidnapping identified in FY25 La2.23 trillion, LaThe Minister was voluntarily deposited by the evaluators.