GST Compensation Cess: Experts call for Gradual phase-out, seek long-term tax reforms

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Ahead of the 55th GST Council meeting on December 21, Punjab’s Finance Minister has urged an extension of the GST Compensation Cess beyond March 2026. Experts are divided, with some arguing it ensures financial stability for states, while others warn of long-term fiscal and economic concerns.

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GST Compensation Cess: Experts call for Gradual phase-out, seek long-term tax reforms

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