Falling GST collections: Parliamentary panel asks Centre to address issue

The parliamentary standing committee on finance has asked the Centre to address the issue of dwindling  goods and services tax  (GST) collections, which the finance ministry blamed for delay in the compensation to the states. It has also asked the government to prevent misuse of input tax credit (ITC) and take measures for increasing GST compliance. The Centre has paid Rs 45,745 crore as…