CAG Urges Finance Ministry to Target High-Risk GST Composition Taxpayers

The Comptroller and Auditor General (CAG) has recommended that the Finance Ministry focus on high-risk taxpayers within the GST composition scheme. The CAG's audit identified potential risks of tax evasion and underreporting by businesses benefiting from simplified tax compliance under the scheme. The CAG has urged the Ministry to enhance its monitoring and audit processes to ensure that the scheme is not misused, thereby protecting government revenues and ensuring fair competition in the marketplace.