Tag: GST compensation cess
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CAG report: Centre violated GST law, used funds meant for states elsewhere
The Comptroller and Auditor General (CAG) of India has found that the Central government in the first two years of the GST (Goods and Services Tax) implementation 2017-19 wrongly retained Rs 47,272 crore of the GST compensation cess that was meant to be used explicitly to compensate state governments for loss of revenue. The CAG ...