GST Compensation Cess Future: Group of Ministers proposes merger with taxes

The GoM on GST discussed merging compensation cess with GST. States suggested no new items should be added during this transition. Compensation cess ends in March 2026. GoM will submit its report by Dec 31. The cess, which finances states' revenue loss, needs restructuring for its future integration into GST. The group of ministers (GoM) on GST compensation cess, under Minister of State for Fi…