GST system prone to input tax credit frauds: CAG

The roll-out of GST has unified the multiple central and state taxes on goods and services to a great extent and made credit for input taxes available through the value chain, but hasn’t simplified the tax compliance regime while the experience so far has also been that of slowdown in tax revenue growth, the Comptroller and Auditor General (CAG) said.

from The Financial ExpressEconomy – The Financial Express https://ift.tt/2yrHTL7