.4 minutes read Last Updated: Sep 04 2024|12:12 AM IST.The all-powerful Product and also Services Tax (GST) Council, at its own upcoming conference on September 9, is actually assumed to provide a roadmap for the payment cess that are going to likely continue "effectively right into" 2025-26 (FY26), and additionally review whether it needs to become substituted with a tax obligation or a cess, state authorities authorities.An interior analysis, these officials uncover, advises that the compensation cess needs to proceed till FY26 to satisfy the predicted deficiency of Rs 1.37 trillion as of March 2025.The GST Council, headed through Union Money management Official Nirmala Sitharaman and with all state money ministers as its own participants,.