Business

GST Authorities to comply with on September 9 payment roadmap may stretch into FY26 Economic Condition &amp Policy Information

.4 min reviewed Final Updated: Sep 04 2024|12:12 AM IST.The all-powerful Goods and Provider Tax (GST) Council, at its upcoming appointment on September 9, is actually assumed to supply a roadmap for the compensation cess that will likely continue "properly right into" 2025-26 (FY26), as well as likewise cover whether it ought to become changed along with a tax or even a cess, point out federal government authorities.An internal examination, these authorities disclose, advises that the compensation cess requires to carry on till FY26 to meet the estimated shortfall of Rs 1.37 trillion since March 2025.The GST Council, moved through Union Money management Official Nirmala Sitharaman and also along with all state finance ministers as its own members,.