Date: December 20, 2024Category: TAX NewsRead Time: 4 Minutes The Comptroller and Auditor General (CAG) has raised significant concerns about the Income Tax (I-T) Department’s inefficiency in handling arrears and…
CAG Report Highlights ₹755.49 Crore Revenue Loss Under GST by Commercial Tax Department
Key Findings 1. Underassessment and Revenue Loss The CAG Report No. 7 of 2024, covering the period ending March 2022, identified revenue losses amounting to ₹755.49 crore in the Commercial…