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GST Council to satisfy on September 9 payment roadmap may flex right into FY26 Economic Situation &amp Policy News

.4 min went through Last Upgraded: Sep 04 2024|12:12 AM IST.The all-powerful Item and also Services Tax (GST) Council, at its own upcoming meeting on September 9, is actually assumed to provide a roadmap for the payment cess that are going to likely proceed "properly right into" 2025-26 (FY26), and likewise review whether it must eventually be replaced with a tax or even a cess, point out government representatives.An internal analysis, these representatives expose, proposes that the compensation cess needs to continue till FY26 to satisfy the approximated shortage of Rs 1.37 mountain since March 2025.The GST Authorities, moved by Union Financial Official Nirmala Sitharaman as well as with all state money management officials as its own members,.