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No such repeat issued in relation to ‘sure adjustments’ below CGST Act: CBIC – Times of India


India

No such repeat issued in relation to ‘sure adjustments’ below CGST Act: CBIC – Times of India

NEW DELHI: The Central Board of Indirect Taxes and Customs on Tuesday clarified that no adjustments were made below Central Goods and Companies Tax (CGST) Act, 2017. Taking it to Twitter, the tax protection body spoke back to a consumer — who shared an image of the false repeat — and wrote, “Please show that…

NEW DELHI: The Central Board of Indirect Taxes and Customs on Tuesday clarified that no adjustments were made below Central Goods and Companies Tax (CGST) Act, 2017. Taking it to Twitter, the tax protection body spoke back to a consumer — who shared an image of the false repeat — and wrote, “Please show that no such repeat (dated September 28) has been issued and again in mind this as false.”

It additional requested taxpayers to establish

CBIC net save of living

for up up to now records.

Quickly after CBIC’s tweet, PIB (Press Records Bureau) Fact Check take care of — that counters misinformation on authorities policies or schemes — shared the same image of the repeat and also termed it false. It additional said that there hasn’t been the sort of repeat issued by

CBIC

and finance ministry.

Claim: An repeat purportedly issued by Central Board of Indirect Taxes and Customs claims that sure adjustments are b… https://t.co/1iUR0dWiLW

— PIB Fact Check (@PIBFactCheck) 1601378973000

Earlier within the day, it shared one more change and said that ‘Balika Anudan Yojana’ will not be any longer crawl by the authorities and it gained’t distribute Rs 50,000 of monetary aid to the girl child of BPL (under poverty line) families.

Meanwhile, the Centre and the states were at loggerheads over GST compensation and distribution framework. Non-BJP-ruled states and these ruled by the Opposition parties comprise called for a reordering of the indirect tax distribution framework.

The GST sequence right thru April-August declined on memoir of Covid-19 precipitated lockdown, and the compensation attributable to states stands at over Rs 1.51 lakh crore, minister of assert for finance Anurag Singh Thakur had said.

The provisional GST compensation attributable to states/U.s.for 2020-21 was as soon as perfect for Maharashtra at Rs 22,485 crore, adopted by Karnataka (Rs 13,763 crore), Uttar Pradesh (Rs 11,742 crore), Gujarat (Rs 11,563 crore) and Tamil Nadu (Rs 11,269 crore).

The compensation attributable to West Bengal stands at Rs 7,750 crore, Kerala (Rs 7,077 crore), Punjab (Rs 6,959 crore), Delhi (Rs 6,931 crore), Rajasthan (Rs 6312 crore), Telangana (Rs 5,424 crore) and Chhattisgarh (Rs 2,827 crore).

The overall provisional GST compensation attributable to 31 states and U.s.for 2020-21 attach collectively stands at Rs 1,51,365 crore, as per records shared in a written acknowledge to a question within the Lok Sabha.

(With PTI inputs)















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