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A performance audit by the Comptroller and Auditor General of India (CAG) has revealed systemic issues in the e-way bill system under the Goods and Services Tax (GST) mechanism, raising concerns about accuracy in tax reporting.
A compliance audit of I-T collections from 11 distilleries and breweries in UP, Maharashtra, Karnataka, and Delhi has uncovered significant under-reporting of sales, with the Comptroller and Auditor General estimating the tax implications of this “short accounting” at approximately Rs.12,800 crore over a 10-year period.
As per a CAG report tabled in the Assembly on Thursday, under assessment/short levy/ loss of revenue aggregating to ₹755.49 crore pertaining to Goods and Services Tax of the Commercial Tax Department has been found.
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis and verify from other sources, including …
CAG has flagged financial losses to the Indian Railways to the tune of Rs. 2604.40 crore in 33 case studies of non-recovery of loans and GST, improper decision to generate non-fare revenues, ineligible grant of concession, and unfruitful expenditures.
Data released by the Comptroller and Auditor General of India (CAG) on Thursday showed that Tamil Nadu’s total revenue increased…
The Compliance Audit (Revenue) report of the Comptroller and Auditor General (CAG) for the year that ended on March 31,…
Officials of the Chandigarh Transport Undertaking (CTU) will face the music for their failure to charge service tax from the…
The Comptroller & Auditor General of India (CAG) has asked the revenue department to take effective steps to pursue, in…
The Comptroller and Auditor General (CAG) has asked the customs department to ensure periodic audits of Special Economic Zones (SEZs)…