GST Council to meet on Sept 9; compensation roadmap may stretch into FY26 | Economy & Policy News

itemscope itemtype="http://schema.org/WebSite"> GST Council to meet on Sept 9; compensation roadmap may stretch into FY26 | Economy & Policy News - Best Freelancing Services

Business GST, GST compensation, GST Council, taxation bestfreelancingservices.in 3 September 2024 0 Comments

GST Council to meet on Sept 9; compensation roadmap may stretch into FY26 | Economy & Policy News

4 min read Last Updated : Sep 04 2024 | 12:12 AM IST

The all-powerful Goods and Services Tax (GST) Council, at its upcoming meeting on September 9, is expected to provide a roadmap for the compensation cess that will likely continue “well into” 2025-26 (FY26), and also discuss whether it should eventually be replaced with a tax or a cess, say government officials.

An internal assessment, these officials reveal, suggests that the compensation cess needs to continue till FY26 to meet the estimated shortfall of Rs 1.37 trillion as of March 2025.

The GST Council, headed by Union Finance Minister Nirmala Sitharaman and with all state finance ministers as its members,

Share on Facebook

Post on X

Save

Tag GST GST compensation GST Council taxation

bestfreelancingservices.in

Hi, I'm Sneha Raithatha, the founder of Best Freelancing Services—a dynamic platform where creativity meets strategy. With years of hands-on experience in digital marketing, content creation, book publishing, and press release distribution, I’ve helped 1000+ clients turn their ideas into impactful digital realities. From writing compelling articles and ghostwriting books to designing brand identities and building SEO-optimized websites, I bring a blend of creativity, precision, and purpose to everything I do. I’ve also assisted over 20+ authors in publishing and marketing their books successfully, ensuring their voices reach the right readers. Driven by a deep love for storytelling and strategic thinking, I believe in delivering quality work that not only meets but exceeds client expectations. My work has been featured on platforms like USA Today TV, Times of India, Midday, Outlook, Deccan Herald, and many more. When I’m not working on client projects, you’ll find me experimenting with YouTube content, mentoring budding freelancers, or exploring how tech and creativity intersect to build powerful digital brands.