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

The temporary retention of GST&nbsp;cess in the Consolidated Fund of India is not a diversion of the funds, finance ministry officials said in response to a CAG&nbsp;report.
The finance ministry officials have refuted the CAG&nbsp;report which claimed&nbsp;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.

The temporary retention of GST&nbsp;cess in the Consolidated Fund of India is not a diversion of the funds, finance ministry officials said in response to a CAG&nbsp;report.
The finance ministry officials have refuted the CAG&nbsp;report which claimed&nbsp;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.

gst cess

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