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GST Authorities to comply with on Sept 9 payment roadmap might stretch into FY26 Economic Situation &amp Policy News

.4 minutes reviewed Final Improved: Sep 04 2024|12:12 AM IST.The all-powerful Goods as well as Solutions Tax (GST) Authorities, at its own upcoming meeting on September 9, is expected to offer a roadmap for the compensation cess that are going to likely carry on "properly in to" 2025-26 (FY26), and additionally explain whether it should eventually be substituted along with an income tax or even a cess, say government authorities.An inner examination, these authorities disclose, recommends that the settlement cess requires to proceed till FY26 to fulfill the approximated shortfall of Rs 1.37 trillion as of March 2025.The GST Authorities, moved by Union Financial Official Nirmala Sitharaman and also with all state financing officials as its own members,.

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