Purchase without bill may be big GST leakage source - Business News, Finance News, Share Market News - Market trendz

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Tuesday, 26 November 2019

Purchase without bill may be big GST leakage source

B2C sales have been the key source of leakage of GST as consumers are often cajoled into paying in cash without taking a bill. The issue was discussed in detail at the first national GST conference, which was attended by senior officers from across the country, with officials suggesting that a check on this channel of leakage could bolster revenue by 15-20%.

from GST-Small Biz-Economic Times
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