GST rules tightened to curb tax evasion amid revenue deficit

NEW DELHI  : The government has further tightened the  goods and services tax  (GST) rules, curtailing the use of tax credits and tweaking the electronic permits needed for goods transportation to check  tax evasion  amid a sharp shortfall in revenue. Under the new rules, the finance ministry halved the extent of  tax credits  that can be claimed by businesses wh…