: Govt postpones 42nd GST Council meet to October 5 #FinanceIndia #StockMarketNEWS Govt postpones 42nd GST Council meet to October 5 New Delhi, Sept 12 (KNN) The 42nd meeting of the Goods and Services

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Govt postpones 42nd GST Council meet to October 5 #FinanceIndia #StockMarketNEWS
Govt postpones 42nd GST Council meet to October 5 New Delhi, Sept 12 (KNN) The 42nd meeting of the Goods and Services Tax (GST) Council, which was scheduled to be held on September 19, has now been deferred to the first week of October.

According to media reports, the central government had last month decided that the 41st and 42nd meetings of the Council would be held on August 27 and September 19, respectively but the 42nd meeting has been postponed since Parliament would be in session.

The deferment comes in the backdrop of the ongoing tussle between the centre and states over the pending compensation issue.

Several Opposition-ruled states have not agreed with the options provided by the centre asking them to borrow to bridge the compensation gap of Rs 2.35 lakh crore for this fiscal.

GST Council, comprising representatives of all states and headed by Finance Minister Nirmala Sitharaman, is expected to focus on the options that the Centre has provided to states with regard to borrowing funds from the market to meet the GST compensation gap.

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