GST's Inverted Duty Structure May Cost Centre, States Rs 20,000 Crore: Report

New Delhi:  The Central and state governments together are facing Rs 20,000 crore revenue loss due to refunds claimed by companies on account of flaws in the GST rate structure, according to disclosures made by states and other stakeholders to the Committee of Officers. The Committee of Officers was set up in October this year to suggest measures to augment GST revenue collection and administ…