Finance Ministry on CAG's Report: Haven't Used GST Funds For Other Purposes
Finance Ministry on September 26, refused allegations imputed on them by the Comptroller and Audit General (CAG) which stated that Government used GST funds elsewhere. Denying allegations of CAG, FM stated that holding the GST compensation receipt cannot be considered as diversion of fund. Earlier, CAG reported that Rs 47,272 crore were used for "other purposes" which were supposed to use as a compensation for the states in case of the revenue loss.