Formation of GoM as Recommended by 31st GST Council Meeting

By | December 22, 2018
(Last Updated On: December 22, 2018)
Ministry of Finance

Formation of GoM as Recommended by the GST Council in Its 31st Meeting held on 22.12.2018.

Posted On: 22 DEC 2018 4:48PM

The GST Council in its 31st meeting held today at New Delhi has approved the proposal to form a 7 Member Group of Ministers to study the revenue trend, including analysing the reasons for structural patterns affecting the revenue collection in some of the States. The study would include the underlying reasons for deviation from the revenue collection targets vis a vis original assumptions discussed during the design of GST system, its implementation and related structural issues.

The Group of Ministers will be assisted by the committee of experts from Central Government, State Governments and the NIPFP (National Institute of Public Finance and Planning), who would study and share the findings with GoM. The GoM in turn would give its recommendation to the GST Council.

The members of the GoM and the Committee of experts would be announced in due course of time.

Read All 31st GST Council Meeting Decisions

Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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