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Articles for Cag, search results for cess

CAG report reveals irregularities in labour cess remittance to construction workers’ welfare board; ₹221.81 crore pending, it says
5 months, 2 weeks ago

CAG report reveals irregularities in labour cess remittance to construction workers’ welfare board; ₹221.81 crore pending, it says

The Hindu  

The Comptroller and Auditor General of India’s recent report has pointed to irregularities in remitting labour cess to the Tamil Nadu Construction Workers Welfare Board, by the local bodies in the State. A whopping ₹221.81 crore is pending for remittance by 99 local bodies in 10 districts in Tamil Nadu, according to the report. But, the audit, which covered 124 …

Tamil Nadu Local Local Bodies Report Cag Bodies
Kerala Finance Minister hints at new law to expedite revenue arrear collection
1 year, 11 months ago

Kerala Finance Minister hints at new law to expedite revenue arrear collection

The Hindu  

Finance Minister K. N. Balagopal said the government weighed amendments to the existing laws relating to the levy of tax on sales and trade to expedite revenue arrear collection. Speaking to reporters on the sidelines of the Communist Party of India State secretariat meeting at the AKG Centre here, Mr. Balagopal said the government also planned more amnesty schemes for …

Kerala Tax Congress Social Security Revenue State Cag
CAG pegs Andhra Pradesh’s off-budget borrowings at ₹86,260 crore in 2020-21
2 years, 3 months ago

CAG pegs Andhra Pradesh’s off-budget borrowings at ₹86,260 crore in 2020-21

The Hindu  

The Comptroller and Auditor General of India, in its State Finances Audit Report for the Financial Year 2020-21, said that the State government had a liability for off-budget borrowings amounting to ₹86,260 crore, which was not disclosed appropriately in its budget documents. Revenue receipts The CAG mentioned that the State witnessed a 5.50% increase in revenue receipts during the year …

State Cag
The Hindu Explains | Where are the funds collected through cess parked?
4 years, 3 months ago

The Hindu Explains | Where are the funds collected through cess parked?

The Hindu  

The story so far: The Comptroller and Auditor General of India, in its latest audit report of government accounts, has observed that the Union government withheld in the Consolidated Fund of India more than ₹1.1 lakh crore out of the almost ₹2.75 lakh crore collected through various cesses in 2018-19. The nation’s highest auditor also found that over ₹1.24 lakh …

Tax Taxes Fund Crore Centre Cag Gst
CAG moots probe over cess accounting dodge
4 years, 3 months ago

CAG moots probe over cess accounting dodge

The Hindu  

The Comptroller and Auditor General of India has mooted an investigation against the Central government’s accounting officials for incorrectly recording ₹10,250 crore of cess receipts from additional excise duties on petrol and diesel, as non-tax receipts for the exchequer in 2018-19. This was done through a journal entry made after the end of the financial year, which the CAG said …

Fund Cag Revenue Receipts Receipts Crf Cfi Crif
Temporary Retention of GST Cess Pending Reconciliation Not Diversion, Says Finance Ministry
4 years, 3 months ago

Temporary Retention of GST Cess Pending Reconciliation Not Diversion, Says Finance Ministry

News 18  

Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion. Days after the Comptroller and Auditor General flagged that the Centre in first two years of the GST implementation wrongly retained GST compensation cess that was meant to be …

Compensation States Reconciliation Fund Crore Centre Cag
Temporary retention of GST cess pending reconciliation not diversion: Finance Ministry sources
4 years, 3 months ago

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

The Hindu  

Finance ministry sources have countered CAG audit finding of Central government wrongly retaining ₹ 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion. Days after the Comptroller and Auditor General flagged that the Centre in first two years of the GST implementation wrongly retained GST compensation cess that was meant to be …

States Reconciliation Fund Crore Centre Cag Collected
Centre ’betrayed’ states by transferring compensation cess to CFI: Siddaramaiah
4 years, 3 months ago

Centre ’betrayed’ states by transferring compensation cess to CFI: Siddaramaiah

Live Mint  

Senior Congress leader Siddaramaiah on Saturday alleged that the illegal transfer of ₹47,272 crore of GSP compensation cess to Consolidated Fund of India was an attempt by the Centre to 'cover up' the shortfall in other collections. "The CAG report reveals that @BJP4India govt has transferred 47,272 Cr of the GST compensation cess collected to Consolidated Fund of India, instead …

Compensation Cag Siddaramaiah Gst Cess
Centre 'betrayed' states by transferring compensation cess to CFI, alleges Siddaramaiah
4 years, 3 months ago

Centre 'betrayed' states by transferring compensation cess to CFI, alleges Siddaramaiah

India TV News  

Senior Congress leader Siddaramaiah on Saturday alleged that the illegal transfer of Rs 47,272 crore of GSP compensation cess to Consolidated Fund of India was an attempt by the Centre to 'cover up' the shortfall in other collections. "The CAG report reveals that @BJP4India govt has transferred 47,272 Cr of the GST compensation cess collected to Consolidated Fund of India, …

Compensation States Transfer Centre Cag Siddaramaiah Gst
Cess pool: The Hindu Editorial on CAG report of Centre's accounts
4 years, 3 months ago

Cess pool: The Hindu Editorial on CAG report of Centre's accounts

The Hindu  

The latest audit of the Union Government’s accounts tabled in Parliament this week reveals that the Finance Ministry quietly retained over 40% of all cess collections in 2018-19 in the Consolidated Fund of India. This not only helped understate India’s revenue and fiscal deficit numbers but also meant that the purposes for which Parliament approved such cesses — be it …

India States Centre Parliament Gst Education Cess
Centre used GST compensation cess elsewhere, violated law: CAG
4 years, 3 months ago

Centre used GST compensation cess elsewhere, violated law: CAG

The Hindu  

The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained ₹47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue. “The GST Compensation Cess Act, 2017 provides for levy of cess for the purpose of providing compensation to the states …

India Compensation States Revenue Fund Crore Centre
CAG Says Centre Broke Law by Using GST Cess Elsewhere Amid Row Over Unpaid Dues to States
4 years, 3 months ago

CAG Says Centre Broke Law by Using GST Cess Elsewhere Amid Row Over Unpaid Dues to States

News 18  

Finance Minister Nirmala Sitharaman, quoting the view of the Attorney General of India, ruled out funding the GST revenue shortfall from the Consolidated Fund of India in the Lok Sabha last week. However, the Comptroller and Auditor General of India has discovered that the Centre breached the law by retaining Rs 47,272 crore of GST compensation cess in the CFI …

India Compensation States Revenue Fund Crore Centre
Centre retained ₹1.1 lakh crore of cess receipts, observes CAG
4 years, 3 months ago

Centre retained ₹1.1 lakh crore of cess receipts, observes CAG

The Hindu  

The Centre retained in the Consolidated Fund of India more than ₹1.1 lakh crore out of the almost ₹2.75 lakh crore collected in 2018-19 through various cesses, instead of transferring the receipts to the specified Reserve Funds that Parliament had approved for such levies, the Comptroller and Auditor General of India observed in a report. Moreover, ₹1,24,399 crore collected as …

States Fund Crore Centre Funds Cag Parliament
Maharashtra's Jalyukt Shivar scheme had little impact on increasing groundwater levels, finds CAG study
4 years, 4 months ago

Maharashtra's Jalyukt Shivar scheme had little impact on increasing groundwater levels, finds CAG study

Firstpost  

A sum of Rs 9633.75 crore was spent on the scheme, a flagship programme of the Devendra Fadnavis government that sought to make Maharashtra a drought-free state The Jalyukt Shivar scheme, launched by the previous BJP-led government in Maharashtra, had little impact in tackling water scarcity and increasing groundwater level, and its execution was characterised by lack of transparency, a …

Water Maharashtra Report Fadnavis Scheme Cag Devendra Fadnavis