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Fixing the bleed: India is losing billions to GST tax evasion, and it needs to act fast
Fixing the bleed: India is losing billions to GST tax evasion, and it needs to act fast
Several measures such as reporting of outward supplies, matching of input tax credits have resulted in identifying issues of fake invoicing, errant taxpayers who default on payment of tax, claim refund on exports fraudulently etc. But, experts believe that easing compliance burden is among the most important steps the government has to take to plug the leakage. A complex registration process is ailing the system and the tax authorities must also train on GST laws.
Several measures such as reporting of outward supplies, matching of input tax credits have resulted in identifying issues of fake invoicing, errant taxpayers who default on payment of tax, claim refund on exports fraudulently etc. But, experts believe that easing compliance burden is among the most important steps the government has to take to plug the leakage. A complex registration process is ailing the system and the tax authorities must also train on GST laws.
Several measures such as reporting of outward supplies, matching of input tax credits have resulted in identifying issues of fake invoicing, errant taxpayers who default on payment of tax, claim refund on exports fraudulently etc. But, experts believe that easing compliance burden is among the most important steps the government has to take to plug the leakage. A complex registration process is ailing the system and the tax authorities must also train on GST laws. 
