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The Comptroller and Auditor General of India (CAG) said that it has been two years since the government’s much-touted indirect tax regime – GST was rolled out, but the technology-driven tax code has failed to curb evasion as was envisaged. The GST compliance system has not functioning up to the mark which leads to a greater number of ITC frauds.
See, Read: What is the E-Way Bill System under GST?.
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Before the GST regime, cases of inverted duty structure were seen where import duty on raw materials that were used...
20 Mar, 2021
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19 Oct, 2020