Minutes: GST Council Forms Group to Review State Revenue Impact and Compensation Cess Structure Beyond 2026.
Circulars
GST
The GST Council approved formation of a GoM on restructuring Compensation Cess to examine revenue impacts on states post-GST implementation. Key points: Karnataka raised concerns about revenue loss of approximately 0.7% of GSDP despite higher GST collections and growth rates compared to national average. The state clarified this was due to being a producer state und
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =