41st GST Council meeting

Highlights of the 41st GST Council meeting

The 41st GST Council meeting was held in Delhi on 27th August 2020 under the chairmanship of the Honorable Finance Minister of India Smt. Nirmala Sitharaman.

Large Gap in GST compensation to states:

This year, due to the corona virus pandemic, a large gap has arisen in GST compensation to states, which is expected at ₹2.35 lakh crore, as per the Finance Secretary Sh. Anurag Thakur.

Out of this, the gap of ₹97,000 crore has arisen due to the implementation of GST, and the rest due to COVID-19.

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Highlights of the 41st GST Council meeting