Patna, Feb. 26 -- The Comptroller and Auditor General of India (CAG) has flagged serious irregularities in GST compliance and monitoring in Bihar, pointing to risky E-Way Bill transactions, excess Input Tax Credit (ITC) claims, tax mismatches and weak enforcement mechanisms during 2018-19 to 2020-21.
The CAG report for the period ended on March 31, 2023 was tabled by the finance minister Vijendra Yadav in the state assembly on Thursday.
The report revealed that nine Electronic Way Bill (EWB) transactions involving an assessable value of Rs 2.93 crore across seven circles were found risky as the goods were transported using two-wheelers, stolen or scrapped vehicles. Tax and interest amounting to Rs 0.21 crore were payable in five of these ...