- GST Council is looking at rates item by item for rationalization
- Process delayed due to factors including impact of COVID-19
- GST compensation cannot continue after June 30, 2022 by law
- States want GST compensation to continue but it cannot in the same spirit
- GST compensation scheme was brought in at a high rate
- Union government has the right to levy cesses for development purposes
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
