Business

GST Council to meet on September 9 compensation roadmap may stretch into FY26 Economic Condition &amp Policy News

.4 min checked out Final Updated: Sep 04 2024|12:12 AM IST.The all-powerful Product and Provider Income Tax (GST) Authorities, at its upcoming meeting on September 9, is actually anticipated to supply a roadmap for the payment cess that will likely carry on "effectively in to" 2025-26 (FY26), and additionally cover whether it should eventually be replaced with an income tax or even a cess, claim government authorities.An inner examination, these representatives disclose, suggests that the compensation cess needs to proceed till FY26 to meet the determined shortage of Rs 1.37 trillion as of March 2025.The GST Council, headed by Union Money management Administrator Nirmala Sitharaman and also with all state money management officials as its participants,.