Friday, September 25, 2020

Central Govt violated GST Compensation Cess Act by using Funds allocated for States elsewhere, says CAG Report [Read Report]

The Comptroller and Auditor General of India (CAG) has come down on the utilization of cess collections by the Centre. The report further questioned the utilization of Integrated Goods and Services Tax (IGST) revenues. “Centre used this money for other purposes, which led to overstatement of revenue receipts and understatement of fiscal deficit for the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3kNydk2

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