Business

GST Authorities to comply with on Sept 9 payment roadmap may extend into FY26 Economy &amp Plan Updates

.4 minutes reviewed Last Upgraded: Sep 04 2024|12:12 AM IST.The all-powerful Item and also Solutions Income Tax (GST) Council, at its own upcoming meeting on September 9, is expected to give a roadmap for the remuneration cess that will likely continue "effectively right into" 2025-26 (FY26), and also go over whether it should eventually be replaced with a tax or even a cess, mention government representatives.An inner examination, these representatives reveal, advises that the remuneration cess needs to proceed till FY26 to comply with the approximated deficiency of Rs 1.37 trillion as of March 2025.The GST Council, headed through Union Financing Minister Nirmala Sitharaman and also with all condition finance administrators as its participants,.