GST Council meet key updates: ₹20,000 crore cess to be released soon, change in GST return filing
Deadlock Over GST Compensation Continues Between Centre And 10 States
October 6, 2020GST Council: States to get ₹20,000 cr compensation cess collected in FY21
October 6, 2020Commenting on the outcome of 42nd GST Council meet, Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP. said, “The decision to disburse ₹20,000 crores of compensation cess collected till date to the states, resolution of IGST devolution and decision of only quarterly returns for small tax payers are welcome and indicates the councils ability to resolve other pending issues inspite of the differences on the compensation issue. The same is note worthy.”