GST compensation cess to be discussed at GoM meeting on Wednesday

GST compensation cess to be discussed at GoM meeting on Wednesday

October 14, 2024 / Kim Browne /



A 10-member Group of Ministers (GoM) led by Minister of State for Finance Pankaj Chaudhary is set to meet for the first time on Wednesday to discuss the future of GST compensation cess after the loan repayment period ends in March 2026, according to multiple sources familiar with the matter.

 


“By March 2026, the levy in its current form will end. We are meeting on October 16 to discuss several related issues. The panel is likely to debate whether the cess should continue to be levied separately after 2025-26 or be subsumed into a higher tax bracket,”



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Kim Browne

As an editor at Glamour Canada, I specialize in exploring Lifestyle success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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