News for 'gst-compensation-cess-fund'

Govt used GST compensation cess elsewhere, violated law: CAG

Govt used GST compensation cess elsewhere, violated law: CAG

Rediff.com25 Sep 2020

The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue.