.4 minutes read Final Upgraded: Sep 04 2024|12:12 AM IST.The all-powerful Item as well as Solutions Tax (GST) Authorities, at its upcoming meeting on September 9, is assumed to provide a roadmap for the compensation cess that are going to likely carry on "well in to" 2025-26 (FY26), and likewise discuss whether it needs to eventually be replaced along with an income tax or even a cess, say federal government authorities.An inner examination, these authorities uncover, proposes that the settlement cess requires to carry on till FY26 to meet the predicted shortfall of Rs 1.37 trillion since March 2025.The GST Council, moved by Union Financial Official Nirmala Sitharaman and with all condition financing ministers as its own participants,.