Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG
The Comptroller and Auditor General (CAG) has recommended that the Finance Ministry periodically identify high-risk taxpayers within the GST composition scheme and verify their sales data from various sources to prevent tax evasion. An audit of 8.66 lakh taxpayers from 2019-20 to 2021-22 revealed that many had a high risk of exceeding the scheme's turnover threshold.