Sunday, March 09, 2025 | 09:18 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

GST Council meet: Stalemate over compensation may see some solution today

Dissenting states may move SC, press for dispute resolution authority, refer matter to GoM

GST, goods and services tax
Premium

The meeting on October 5 had remained inconclusive and discussion was deferred to October 12

Dilasha Seth New Delhi
The stalemate over the goods and services tax (GST) compensation may finally see temporary resolution at the Council meeting on Monday, with the fiscally stressed states unwilling to defer the matter further amid high spending pressure in the second half of 2020-21.  

Some dissenting states, including Kerala, may be willing to compromise in favour of the Centre’s offer of the Reserve Bank of India (RBI) window of Rs 1.1 trillion.

However, dissenting states may parallelly move Supreme Court (SC) over the issue and press for their demand for setting up a dispute resolution body on the issue of compensation.

As many as 21

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in