Formation of GoM as recommended by the GST Council

New Delhi, Dec 24 (KNN) The GST Council has approved the proposal to form a 7 Member Group of Ministers (GoM) to study the revenue trend including analyzing the reasons for structural patterns affecting the revenue collection in some of the States.

This was approved at the GST Council 31st meeting held at New Delhi

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.