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telegraphindia.com 14 Sep, 2021 02:15 am

GST Council to hold first physical meeting since pandemic

GST Council to hold first physical meeting since pandemic
The council is widely expected to take up the extension of compensation cess for states beyond 2022 with most states likely to pitch for a five-year extension

1 lakh crore under a special window and passed it on to the states to meet the shortfall in compensation At the 43rd council meeting in May, it was decided that the Centre would borrow Rs 1.59 lakh crore from the market through a special window and pass it to the states as loan in tranches.12 lakh crore, up 30 per cent compared with August 2020.16 lakh crore.

According to government data, GST collection was above Rs 1 lakh crore for nine months in a row before dropping below Rs 1 lakh crore in June 2021 due to the second wave of Covid.GST Council to hold first physical meeting since pandemic The council is widely expected to take up the extension of compensation cess for states beyond 2022 with most states likely to pitch for a five-year extension Finance minister Nirmala Sitharaman will chair the 45th meeting in Lucknow.

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