| 1. | Who chaired the 41st GST Council meet? |
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Answer: Option B Explanation: On August 27, 2020, the finance Minister Nirmala Sitharaman chaired the 41st GST Council meet. The council discussed states' compensation and revenue losses. What is GST Compensation? As a part of GST reforms, GST Compensation Cess was introduced through GST (Compensation to States) Act, 2017. The cess was levied on inter and intra state supply. |
