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GST Council to meet on Sept 9 compensation roadmap may extend right into FY26 Economic Condition &amp Plan Information

.4 minutes read through Last Updated: Sep 04 2024|12:12 AM IST.The all-powerful Product as well as Solutions Tax Obligation (GST) Council, at its own upcoming meeting on September 9, is actually anticipated to provide a roadmap for the payment cess that are going to likely proceed "effectively in to" 2025-26 (FY26), and also go over whether it must eventually be changed with an income tax or even a cess, say authorities officials.An internal assessment, these officials show, suggests that the payment cess requires to carry on till FY26 to comply with the predicted shortage of Rs 1.37 mountain since March 2025.The GST Authorities, headed by Union Finance Administrator Nirmala Sitharaman and along with all condition financial ministers as its own participants,.