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GST: Group of Ministers for MSMEs constituted; to submit report to GST Council within 2 months

Updated: Aug 16, 2018 07:25:24am
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GST: Group of Ministers for MSMEs constituted; to submit report to GST Council within 2 months

New Delhi, Aug 16 (KNN) In line with the commitment made by Finance Minister Piyush Goyal during the 29th GST Council Meet, a Group of Minister (GoM) for micro, small and medium enterprises (MSMEs) with six members has been constituted.

The GoM convener is Shiv Pratap Shukla, Minister of State (MoS) Finance, Government of India and the other members are – Sushil Kumar Modi, Deputy Chief Minister of Bihar; Manish Sisodia, Deputy Chief Minister of Delhi; Himanta Biswa Sarma, Finance Minister of Assam; Dr TM Thomas Isaac, Finance Minister of Kerala; and Manpreet Singh Badal, Finance Minister of Punjab.

The decision to form the GoM was taken during the 29th Goods & Services Tax (GST) Council Meet held in the national capital on August 4, 2018.

The GoM will work towards identifying the measures to be taken after examining the recommendations of the Law Committee, the Fitment Committee and the IT Committee on the representations and suggestions relating to MSMEs received from stakeholders prior to 29th GST Council Meet, or deliberated in the said Council meet, or new suggestions and representations received subsequently including for procedural changes.

The GoM will also identify any other measures to be taken to provide conducive environment for the growth of MSME and also give estimate and project revenue impact of their recommendations, wherever relevant.

The Group of Ministers will be assisted in its work by Manish Kumar Sinha, Joint Secretary, TRU-II. The Finance Ministers of any other states have also been invited to join meeting of GoM on MSMEs.

The GoM for MSMEs will submit its final report to the GST Council within two months. (KNN Bureau)

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