Business

GST Council to satisfy on September 9 settlement roadmap might stretch into FY26 Economy &amp Policy Headlines

.4 minutes reviewed Final Updated: Sep 04 2024|12:12 AM IST.The all-powerful Item and Solutions Income Tax (GST) Authorities, at its own upcoming meeting on September 9, is assumed to supply a roadmap for the remuneration cess that are going to likely proceed "properly in to" 2025-26 (FY26), and likewise review whether it must eventually be switched out with a tax obligation or a cess, state authorities authorities.An internal assessment, these authorities uncover, advises that the remuneration cess needs to have to proceed till FY26 to fulfill the determined shortfall of Rs 1.37 mountain as of March 2025.The GST Council, moved by Union Financial Administrator Nirmala Sitharaman and also with all state finance administrators as its own members,.