Question

    The Centre has extended the GST Compensation Cess till

    March 31, ________.
    A 2023 Correct Answer Incorrect Answer
    B 2024 Correct Answer Incorrect Answer
    C 2025 Correct Answer Incorrect Answer
    D 2026 Correct Answer Incorrect Answer
    E 2027 Correct Answer Incorrect Answer

    Solution

    The Centre has extended the GST Compensation Cess till March 31, 2026. The extension, which was earlier approved by the GST Council, is necessary to repay the principal and service the interest cost of the loans taken in FY21 and FY22 to compensate states for the shortfall in guaranteed GST revenues.

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