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Nirmala Sitharaman to chair stormy 42nd GST Council meeting today

Union Finance Minister Nirmala Sitharaman will chair the 42nd Goods and Services Tax (GST) Council meeting at 11 am on Monday

GST Council | Nirmala Sitharaman


Nirmala Sitharaman
Nirmala Sitharaman

Union Finance Minister will chair the 42nd (GST) Council meeting at 11 am on Monday.

Minister of State (MoS) for Finance Anurag Thakur and Finance Ministers of States and Union Territories (UT) will also be present at the meeting.

"Finance Minister will chair the 42nd meeting via video conferencing at 11 AM in New Delhi today. The meeting will be attended by MOS Anurag Thakur besides Finance Ministers of States and UTs and Senior officers from the Union Government and States," the Ministry of Finance wrote on Twitter.

In the last meeting held on August 27, the presented two options to states regarding GST compensation including a special window in consultation with the Reserve Bank of India (RBI) to provide Rs 97,000 crores at a reasonable interest rate and that the entire GST compensation gap of Rs 2,35,000 crores this year can be met by them in consultation with RBI.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, October 05 2020. 09:38 IST