Now there is tax on biryani too, theft of Rs 70,000 crore caught with the help of AI; Income Tax Department laid a trap like this

Biryani Tax Scam AI Investigation: Biryani Tax Scam AI Revealed, Income Tax Department 70000 Crore Tax Evasion, Tax Evasion Caught by AI, Biryani Scam Latest News, India’s Biggest Tax ScamArtificial Intelligence (AI) has helped the Income Tax Department in detecting such tax evasion scams, which would hardly have been detected by other means. The investigation started from the famous Biryani chain of Hyderabad. After closely investigating the methods of tax evasion, the Income Tax Department discovered fraud in the restaurant billing system. The Income Tax Department estimates that revenue worth Rs 70,000 crore has been hidden in the food industry by using this method of fraud.

According to a report in Times of India, the Income Tax Department’s Investigation Unit of Hyderabad closely examined the bills of the restaurants. The investigation found that sales worth at least Rs 70,000 crore have been hidden since the financial year 2019-20. The Income Tax Department used AI tools and forensic data analytics in this investigation. Billions of bills from restaurants across the country were examined with the help of AI tools.

Tax officials investigated 60 TB data

It is said that tax officials examined 60 TB i.e. terabytes of billing data. This billing data was taken from a point of sale (POS) system covering 1.7 lakh restaurant IDs across the country. According to TOI report, the investigation found that restaurants generally enter data of all types of sales including card, UPI and cash in one software. Its purpose is to prevent servers, cashiers and managers from misappropriating.

Various patterns are used in tax evasion

The Income Tax Department’s investigation found a pattern in which many cash invoices were deleted. In many cases, it was found that restaurants maintained only a part of the cash entries in the system and deleted the rest. Its purpose was to reduce the liability of income tax and GST. A second pattern found bulk deletions.

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This tax evasion scam is likely to get bigger

This investigation has been started in Hyderabad, Visakhapatnam and some other cities of Telangana and Andhra Pradesh. Income Tax Department Found from search. During the investigation, officials found evidence that software was being used to conceal sales. Later the Central Board of Direct Taxes (CBDT) expanded the scope of investigation to detect such cases across the country. Officials believe that the cases found so far may be only a small part of the total scam.