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GIST of GST Council Decisions & Compensation Cess Issues

The GST Council met after a gap of seven months on 28th May, 2021 with five states being represented by new leaders (CM, DY CM or FMs). This 43rd meeting was held in the backdrop of worries on compensation cess, shortfall in e-way bills in second wave of COVID, likely contraction in tax revenue and recession in economy, particularly , services sector.

Source Taxguru

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