CNBC-TV18: Government planning to extend GST Compensation cess by 2 years

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As per the recent tweet of CNBC-TV18, the Government sources say that the Government readying the draft GST Compensation amendment Bill to extend the cess levy period by 2 years to pay off borrowings to compensate states.

  • Draft amendment Bill likely to be discussed on October 05, 2020 by GST Council along with the borrowing option.
  • Draft amendment to propose the extension of cess from June 2022 to June 2024 to pay off borrowings to compensate states.

Source: https://twitter.com/CNBCTV18Live/status/1310507949865881600

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