The Comptroller and Auditor General of India (CAG) has pointed out lacunae in the goods and services tax (GST) regime, saying that system-validated input tax credit through invoice matching is not in place and a non-intrusive e-tax system still remains elusive after two years of its roll out.
In its report on GST for 2017-18 tabled in Parliament on Tuesday, the CAG said tax collections under the GST slowed down in the first year of its roll out.
To buttress its point, the CAG said growth in indirect taxes of the Union government slowed down to 5.80 per cent in