MSMEs, small dealers not to be affected by mandatory 1 pc cash GST payment rule

After unearthing rampant use of fake invoices to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) had last week amended rules to make it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash.

from The Financial Express https://ift.tt/2KDULr9
https://ift.tt/eA8V8J anamika sinha