New Delhi / Team Digital. Finance Minister Nirmala Sitharaman will preside over the GST Council (GST Council) meeting through video conferencing today. During this time many important issues can be discussed. It is believed that in this meeting, appropriate steps will be taken regarding the compensation amount of the states.
Finance Minister Nirmala Sitharaman will chair GST Council meeting through video conferencing later today. (file pic) pic.twitter.com/iRQQavhCYD
– ANI (@ANI) October 12, 2020
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Discussion will be held for the third time
In this meeting, the suggestion of non-BJP ruled states to set up a ministerial committee to build consensus on compensation can be considered. The council of ministers of state finance ministers, headed by Union Finance Minister Nirmala Sitharaman, is scheduled to discuss GST revenue reduction compensation for the third consecutive time. Some states ruled by opposition parties are suggesting that a ministerial committee should be set up to form a consensus in this matter.
GST Council to churn on revenue compensation issue for the third time
43rd meeting of GST Council to be held
However, BJP-ruled states have already agreed with the Center on the option given to take loans from the BJP and they believe that they should now be allowed to move towards taking loans, so that they can get the funds available soon. Sources said that the unilateral agenda of the 43rd meeting of the GST Council is to find a way forward on the issue of compensation.
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