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GST fund may have ₹95,000 cr surplus; Council to decide on use
June 27, 2025
|Mint Chennai
The Goods and Services Tax (GST) compensation fund may have about ₹95,000 crore as surplus at the end of its extended tenure on 31 March 2026, even after paying in full dues owed to states and retiring all debt liabilities, people in the know said, citing official estimates.
The GST Council may take a view on this matter at its next meeting, expected to be held soon, and decide how this excess amount—collected as compensation cess—would be utilized, they said, requesting anonymity. A cess is a specific-purpose levy in addition to regular taxes and the money from a cess fund is spent for a designated aim.
هذه القصة من طبعة June 27, 2025 من Mint Chennai.
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