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HomeGST NEWSGovt may consider allowing GST deposit on cash basis: PwC report

Govt may consider allowing GST deposit on cash basis: PwC report

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A PwC report said that Centre may allow Indian Inc to deposit GST on cash basis. The Government could consider suspending GST payments for select sectors during the COVID-19 period. It said that Government might issue guidelines on these critical issues. The government can also introduce a scheme under the GST regime for voluntary disclosure of tax payments before the taxpayer undergoes GST audits.

https://economictimes.indiatimes.com/news/economy/policy/govt-may-consider-allowing-gst-deposit-on-cash-basis-pwc-report/articleshow/78600254.cms

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