New Delhi, June 27 -- The Goods and Services Tax (GST) compensation fund may have about Rs.95,000 crore as surplus at the end of its extended tenure on March 31, 2026, even after paying in full dues owed to states and retiring all debt liabilities, people in the know said, citing official estimates.

The GST Council may take a view on this matter at its next meeting, expected to be held soon, and decide how this excess amount -- collected as compensation cess -- would be utilised, they said, requesting anonymity. A cess is a specific-purpose levy in addition to regular taxes and the money from a cess fund is spent for a designated aim.

The GST Council, which is the apex decision-making body on the indirect tax regime, is expected to meet...