Finance Minister Nirmala Sitharaman announced on Tuesday that the government discovered a GST scam totaling Rs 20,124 crore between November 9, 2020, and January 31, 2021.
In a written reply to the Rajya Sabha, she said that a nationwide special operation is being carried out against unscrupulous institutions that fraudulently obtain and pass on Input Tax Credit (ITC) on the basis of fake/bogus invoices.
According to the minister, officers booked 2,692 cases involving GST/ITC fraud worth Rs 20,124.19 crore between November 9, 2020 (the start of the special drive) and January 31, 2019.
Anurag Singh Thakur, Minister of State for Finance, responded to a separate query by saying that the income tax department discovered hidden income of Rs 2,223.88 crore between April and December of the current fiscal year.
Between April and December 2020, searches were performed on 250 groups, with a cumulative value of Rs 6,500.78 crore confiscated.
“A comprehensive risk profiling process has been placed in place, largely by the use of information technology, to recognize and track high-risk incidents, and corrective action is taken as per the regulation,” Thakur said.