Temporary retention of GST cess pending reconciliation not diversion: Finance Ministry sources

Time taken in reconciliation of compensation receipts can’t be termed as diversion of GST cess fund when the dues to states were fully released by the Central government, sources said.   Finance ministry sources have countered CAG audit finding of Central government wrongly retaining ₹ 47,272 crore of GST compensation …

Read moreTemporary retention of GST cess pending reconciliation not diversion: Finance Ministry sources

Temporary retention of GST cess pending reconciliation not diversion: Finance Ministry

Time taken in reconciliation of compensation receipts can’t be termed as diversion of GST cess fund when the dues to states were fully released by the Central government, sources said. Finance ministry sources have countered CAG audit finding of Central government wrongly retaining ₹ 47,272 crore of GST compensation cess …

Read moreTemporary retention of GST cess pending reconciliation not diversion: Finance Ministry