States want GST cess extension for fiscal safety

businesstoday.in

GST compensation cess is set to end October 31, 2025, but states fear fiscal gaps and seek an additional levy. A Group of Ministers recommended ending the cess, with surplus funds to be shared between the Centre and states. Some states want to continue the levy to offset GST revenue losses. The GST Council will decide on alternatives, including merging cess goods into the GST framework or continuing the cess as an additional levy, on September 3-4.


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States want GST cess extension for fiscal safety | News Minimalist