Centre wrongly retained GST compensation cess, violated law: CAG | News – Times of India Videos

Sep 25, 2020, 07:12PM ISTSource: TOI.in

The CAG has found that the Union govt wrongly retained Rs 47,272 crore of GST compensation cess. This happened in the very first 2 years of the GST implementation. The amount was meant to be used specifically to compensate states for loss of revenue. States have not been paid their promised compensation since last fiscal.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.