gst cess extend beyond 2022: GST relief cess: decision to extend beyond 2022 – gst council decides to extend compensation cess beyond june 2022, report

New DelhiThe Central Government has decided to extend the GST relief cess till 2022. The decision was taken at a meeting of the Goods and Services Tax (GST) Board chaired by Union Finance Minister Nirmala Sitharaman on Monday.

The Economic Times reports on the sources. However, there has been no official announcement from the government. There is a proposal to extend the GST cess to 2024. However, the report said that the matter will be reviewed and the changes will be made from time to time.

Non-BJP governments have expressed outrage against the Center for not providing GST.
The Central Government is of the view that the GST cannot provide relief to the states as the economy of the country has collapsed due to the ‘God Lele’. Instead, the option of lending is put forward by the states. It has been ratified by 21 states, including the BJP-ruled states. However, states with non-BJP governments, including West Bengal, Punjab and Kerala, have rejected the central credit formula.

Central Govt extends deadline for GST payment for 2018-19

These states have dismissed the Center’s suggestion of making loans. “The central government has to pay our share of GST. Let the center lend us and give us relief, ‘

There has been a demand for the Center to seek guidance on the issue of GST relief. Already Chief Ministers of West Bengal, Delhi, Kerala, Telangana, Chhattisgarh and Tamil Nadu have written to the Center and expressed their displeasure.

95,480 crore in September. GST collection, after lockdown and much more

GST collection has also declined due to the economic downturn. The monetary deficit is increasing and there is a big challenge ahead of the Center. The situation of the states is no different.