GST Council meeting underway in New Delhi to discuss important agenda including report on Rate Rationalisation

Finance Minister Nirmala Sitharaman is chairing the 46th meeting of the GST Council. The meeting holds importance ahead of the Union Budget, which is presented on the first day of February by the Finance Minister in Parliament.

Several state governments, including Chhattisgarh, Kerala, Delhi and West Bengal have pressed for the continuation of the GST compensation for another five-year period in view of the financial stress created by the COVID-19 pandemic outbreak.

Many states also demanded raising the share of the Union government in the Centrally Sponsored Schemes.

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