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GST Council to meet on Sept 9 payment roadmap may stretch into FY26 Economic Climate &amp Plan Updates

.4 min read Final Updated: Sep 04 2024|12:12 AM IST.The all-powerful Item and also Solutions Tax (GST) Authorities, at its upcoming appointment on September 9, is anticipated to give a roadmap for the compensation cess that will likely proceed "well in to" 2025-26 (FY26), as well as likewise explain whether it should become replaced with a tax obligation or even a cess, say government authorities.An interior analysis, these authorities disclose, recommends that the compensation cess needs to have to continue till FY26 to satisfy the estimated shortage of Rs 1.37 trillion as of March 2025.The GST Authorities, moved by Union Financing Official Nirmala Sitharaman and also with all condition finance administrators as its participants,.

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