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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.
Group of Ministers to study GST revenue trends and recommend structural responses after expert committee review A Group of Ministers is constituted to analyse GST revenue trends, including structural causes for deviations from original design assumptions and implementation effects on state collections. A committee of experts from Central and State Governments and the National Institute of Public Finance and Planning will assist, provide findings to the GoM, and the GoM will submit recommendations to the GST Council; membership details will be announced later.Press 'Enter' after typing page number.