GST Council to fulfill on September 9 remuneration roadmap may stretch in to FY26 Economy &amp Policy Headlines

.4 min reviewed Last Upgraded: Sep 04 2024|12:12 AM IST.The all-powerful Product and Provider Tax (GST) Council, at its upcoming meeting on September 9, is anticipated to offer a roadmap for the compensation cess that are going to likely carry on “effectively into” 2025-26 (FY26), as well as also talk about whether it must eventually be replaced with a tax or even a cess, mention authorities representatives.An internal analysis, these representatives show, suggests that the compensation cess needs to have to carry on till FY26 to satisfy the predicted shortfall of Rs 1.37 mountain as of March 2025.The GST Authorities, moved through Union Finance Administrator Nirmala Sitharaman and also along with all state financial officials as its participants,.