Govt may consider allowing GST deposit on cash basis: PwC report

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 Govt may consider allowing GST deposit on cash basis: PwC report

The government may consider allowing India Inc to deposit GST on cash basis to help them tide over the liquidity woes during the COVID-19 pandemic, a PwC report said. It said while formalising its support strategy for the industry in the next phase, the government could also consider suspending GST payments for select sectors during the COVID-19 period.

In its report titled 'Reimagining GST@3', PwC said cash liquidity support schemes that advance business continuity are the need of the hour.

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