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File: /home2/bharatch/public_html/gkpro.in/application/config/config.php
Line: 541
Function: DB

File: /home2/bharatch/public_html/gkpro.in/index.php
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Function: require_once

'Centre used GST compensation cess elsewhere' - GKPro News Breaking

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'Centre used GST compensation cess elsewhere'

In its audit report of government accounts, the Comptroller and Auditor General (CAG) flagged that Rs 47,272 crore of GST compensation cess was to be credited to the non-lapsable GST Compensation Cess collection fund for payment to states for loss of revenue due to implementation of GST since 2017, but the government did not do so, and thus violated the GST law.

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Sep 25, 2020 - 21:34

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In its audit report of government accounts, the Comptroller and Auditor General (CAG) flagged that Rs 47,272 crore of GST compensation cess was to be credited to the non-lapsable GST Compensation Cess collection fund for payment to states for loss of revenue due to implementation of GST since 2017, but the government did not do so, and thus violated the GST law.