Why is the govt so keen on retrospective tax amendments?

Business Line

Amid the Covid-19 crisis and lockdown, the government has pushed through a change that will take away benefits of pre-GST tax credit from businessmen Back in December 2018, the GST Council pointed out that the GST is only a tax on value addition, and so interest can be demanded either only for late payment of GST on the value addition or the portion of the GST payable after adjusting input tax cre…

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