The GST Council has agreed to levy compensation cess for an extended period upto March 2026 to

Finance ministers of Opposition-ruled states have demanded that the GST compensation cess regime be

Tax( GST) compensation." Total amount released in the current fiscal year as back-to-back loan in

Most states are likely to pitch for an extension by another five years, amid several fiscal constraints.... It may address the steel sector’s problems with manufacturers facing enforcement action including blocking input tax credit and supply-side disruption due to fake invoicing by the scrap dealers.... For inputs like manmade fibre and yarn, the panel has likely proposed reducing the rate to 12 per cent from 18 per cent to correct the distortion....

Territories to compensate them for the shortfall in GST revenue. The GST Council in its meeting on May 28 had

Nearly Rs 52, 000 crore of GST compensation was due to the states as of September 2021, Parliament

The Centre is committed to compensate states for five years for the revenue loss due to GST

Board( NEDB) urged provincial governments on Monday to eliminate the provincial export cess, which

legislature under the back-to-back loan facility to meet the shortfall in GST compensation.On July

“ My own view is that the compensation cess should not be renewed completely…because of a