GST Council meet: ₹2.35 lakh crore tax shortfall, Centre places two options before states
GST Council Meet Highlights: Nirmala Sitharaman says special window by RBI an option to compensate states
August 31, 2020
GST Council extending cess levy beyond 5 years would worry business: Experts
August 31, 2020
“Considering the current scenario of economy, the states might be left with no other option but to insist the council to consider increasing the cess or including more products or extending the levy of cess by some more years. In the case of approaching RBI instead of the market to avoid making the interest yield dearer to the states seems logical,” said Divakar Vijayasarathy, founder and managing partner, DVS Advisors LLP.