News
Businesses with monthly turnover of over Rs 50 lakh to pay at least 1% GST liability in cash
- Date:
- December 23, 2020
- Source:
- Economic Times
Businesses with monthly turnover of over Rs 50 lakh will have to mandatorily pay at least 1 per cent of their GST liabilityin cash, the Finance Ministry said as it moved to curb evasion by fake invoicing . The Central Board of Indirect Taxes and Customs ( CBIC…