Businesses with monthly turnover of over Rs 50 lakh to pay at least 1% GST liability in cash

Businesses  with monthly turnover of over Rs 50 lakh will have to mandatorily pay at least 1 per cent of their  GST  liabilityin cash, the Finance Ministry said as it moved to curb evasion by  fake invoicing .  The Central Board of Indirect Taxes and Customs ( CBIC…