GST Council to meet on August 27

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The GST Council is more likely to meet on August 27 to debate the compensation payout to States and the opinion of the Lawyer Basic on the legality of market borrowing to fulfill income shortfall.

Sources stated the 41st assembly of the council could be a single agenda assembly to be held through video conferencing.

The choices earlier than the council to fulfill the shortfall might be to rationalise GST charges, cowl extra gadgets underneath the compensation cess or improve the cess, or suggest larger borrowing by States to be repaid by future assortment into the compensation fund, the sources added.

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