Union finance minister Nirmala Sitharaman claimed in the parliament that there was no provision in the law to compensate the state for loss of GST revenue out of the CFI Credit: Twitter image

In a recent expose by the Comptroller and Auditor General (CAG) it was found that the Union government has violated the GST Compensation Cess Act, 2107 by wrongfully retaining Rs 47,272 crore in the Consolidated Fund of India (CFI) during the years 2017-18 and 2018-19.

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