Tag Archives: gst cess

According to the CAG audit, the Union government collected Rs 95,081 crore as GST compensation assignment in 2018-19, but only transferred Rs 54,275 crore to the GST compensation fund. The Union government violated the GST Compensation Cessation Act, 2017, by wrongly withholding Rs 47,272 crore in the Consolidated Fund of …

Five states not governed by the BJP on Monday rejected a proposal put forward by the central government at last Thursday’s Goods and Services Tax (GST) Council meeting that states could borrow to cover their current shortfall in GST revenue. The states agreed during a meeting of finance ministers from …