💨 Abstract

The ten-member GoM panel, headed by Union Minister of State for Finance Pankaj Chaudhary, met on the ongoing GST compensation cess issue. States put in their views on the issue, but no decision was taken in the first meeting. The panel was assigned to consider whether the cess should continue post-repayment of loans or be subsumed into the highest tax bracket, and to discuss excessive cess collections.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖