CAG report highlights Rs. 42,272 crores short-crediting of 'Compensation-Cess', recommends immediate corrective-action by MoF

Report of the Comptroller and Auditor General (CAG) of India for year 2018-19 outlines various issues pertaining to accounting of IGST, GST Compensation Cess along-with other cesses and levies; Audit examination with regard to collection of the cess and its transfer to the GST Compensation Cess Fund reveals a short crediting to the Fund of the GST Compensation Cess collections totalling to Rs. 47,272 crore during 2017-18 and 2018-19, which is a violation of the GST ...