A group of ministers (GoM) will likely request the GST Council to extend the December 31 deadline for their report on compensation cess by six months. The GoM needs more time to finalize proposals for replacing the cess, which is levied on certain goods and set to be abolished in March 2026.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.