GST Council to meet on May 28, compensation shortfall on agenda

As Covid second wave ravages the country, several states had urged Sitharaman to convene a GST Council meeting at the earliest

The Goods and Services Tax Council (GST) will meet on May 28, after a gap of more than six months as country battles the  ravaging second Covid-19 wave. Several states had urged Union Finance Minister Nirmala Sitharaman to convene a GST Council meeting at the earliest, to rework compensation shortfall and borrowing requirement and provide tax relief on Covid-19 related goods. 

"Union FM Nirmala Sitharaman will chair the 43rd GST Council meeting via video conferencing at 11 AM in New Delhi on 28th May 2021...." Sitharaman's office tweeted on Saturday. 

Other key issues pending before the Council include rationalisation of