GoM on GST compensation cess holds first meeting: No new levies until future is decided
- Posted on October 16, 2024
- By Business News Today
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GoM on GST compensation cess holds first meeting: No new levies until future is decided
A group of ministers decided not to extend the GST compensation cess to new items until determining its future post-March 2026. The panel, led by Union minister Pankaj Chaudhary, will reconvene in November to deliberate on whether to continue the cess beyond repaying state-assisting loans or subsume it into the highest tax bracket.