Economy Govt likely to extend levy of Compensation cess by 2 years Updated : September 28, 2020 06:00 PM IST Once the draft amendment gets cleared by the council, it will have to be moved to the Parliament for a formal amendment to be made in the GST Compensation Act 2017. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.