GST Council to discuss compensation cess on Aug 27, other issues on Sep 19

The Goods and Services Tax (GST) Council has scheduled two crucial meetings on August 27 and September 19.  On August 27, the Council’s 41st meeting would consider a proposal to borrow money from the market to compensate states for their revenue shortfalls, and on September 19, the apex federal body 42nd meeting would take up other issues such as the resolution of the inverted duty structure,…