Business

GST Authorities to satisfy on Sept 9 payment roadmap might extend into FY26 Economic Situation &amp Policy Headlines

.4 min read through Last Upgraded: Sep 04 2024|12:12 AM IST.The all-powerful Product and Services Tax Obligation (GST) Council, at its own upcoming meeting on September 9, is actually expected to give a roadmap for the payment cess that are going to likely carry on "well into" 2025-26 (FY26), as well as additionally explain whether it needs to eventually be substituted with a tax or a cess, point out federal government representatives.An interior examination, these representatives reveal, suggests that the remuneration cess needs to continue till FY26 to comply with the approximated shortage of Rs 1.37 mountain as of March 2025.The GST Council, moved through Union Financing Official Nirmala Sitharaman as well as with all condition financing ministers as its own members,.