Latest news

Akhilesh Yadav pledges education support for Ananya Yadav

Heatwave Warning: Delhi temperatures may Hit 42°C this week

Delhi Airport begins trials of full body scanners to enhance security and efficiency

The Rajya Sabha closes its historic Budget Session with a 119% productivity rate

India's new railway expansion to cover 1,247 Km with Rs 18,658 crore boost

England cricket team faces setback as Olly Stone suffers injury

Stranded Virgin Atlantic Flight resumes journey from Turkey to Mumbai

Spotted deer killed by stray dogs at Hyderabad University campus

Temporary retention of GST cess not diversion: FinMin on CAG report

Name: Temporary retention of GST cess not diversion: FinMin on CAG report
Uploaded: 2020-09-27T10:40:17.000+05:30
Duration: T00M44S
Channel: Editorji News Desk
Description: The temporary retention of GST cess in the Consolidated Fund of India is not a diversion of the funds, finance ministry officials said in response to a CAG report. The finance ministry officials have refute...

Updated: Sep 27, 2020 05:10

Editorji News Desk

Join our WhatsApp Channel

Video Player is loading.

Current Time 0:00

Duration 0:00

Loaded: 0%

Stream Type LIVE

Remaining Time 0:00

The temporary retention of GST cess in the Consolidated Fund of India is not a diversion of the funds, finance ministry officials said in response to a CAG report.

The finance ministry officials have refuted the CAG report which claimed that there was short crediting of the GST Compensation Cess collections, totalling ₹47,272 crore during FY18 and FY19.

The compensation due to the states for 2017-18 and 2018-19 was fully paid, and that the time taken in the reconciliation of compensation receipts can't be termed as diversion of GST Cess Fund, officials added.

Militants kolkata STF Howrah

Up Next

Temporary retention of GST cess not diversion: FinMin on CAG report

Latest news

Temporary retention of GST cess not diversion: FinMin on CAG report

Up Next

Categories