42nd GST meet: Rs 20,000 cr compensation cess to be disbursed to states, no consensus on compensating states; satellite launches exempt from GST

After an inconclusive GST meet, finance minister Nirmala Sitharaman announced that Compensation cess collected this year, amounting to Rs 20,000 crore, will get disbursed to all states tonight. The main point of contention- decision on pending GST compensation to states has been deferred. The council will meet again on October 12 to iron out the differences.