Wednesday, 21 August, 2024

GST Authorities Monitor Digital Payments to Catch Tax-Evading Merchants

GST authorities are closely monitoring digital payment platforms to track merchants who are evading taxes. By scrutinizing transactions processed through UPI, credit cards, and other digital payment methods, officials aim to identify and penalize businesses that underreport their income. This move is part of a broader effort to enhance tax compliance and curb revenue loss due to tax evasion in the digital economy.