The Office of the Goods and Services Tax Council Secretariat has announced the constitution of a Group of Ministers (GoM) to explore restructuring the Compensation Cess, following discussions during the GST Council’s 54th Meeting on September 9, 2024. The GoM will propose a taxation system to replace the compensation cess after its planned abolition. It will be led by Sh. Pankaj Chaudhary, Union Minister of State for Finance, with members comprising finance ministers from various states, including Assam, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh, and West Bengal. The GoM has been tasked with submitting its report by December 31, 2024, with the Department of Revenue providing secretarial support.
OFFICE OF THE GOODS & SERVICES TAX COUNCIL SECRETARIAT
5th Floor, Tower-II, Jeevan Bharti Building, Connaught Place, New Delhi-110001
Office Memorandum No. 407/GoMonCompensatonCess/GTSC/2024 Dated: September 25, 2024
OFFICE MEMORANDUM
Subject: Constitution of Group of Ministers (GoM) on restructuring Compensation Cess
In its 54th Meeting held on 09.09.2024 in New Delhi, the GST Council discussed the need for a comprehensive deliberation on compensation cess.
2. In the aforesaid meeting, the GST Council recommended to constitute a
GoM to make taxation proposal to replace the compensation cess after its abolition. Accordingly, a Group of Ministers is hereby constituted with the following composition:
| S No |
Name | Designation and State | Position |
| 1 | Sh. Pankaj Chaudhary | Union Minister of State for Finance, Government of India | Convenor |
| 2 | Smt. Ajanta Neog | Minister of Finance and Women and Child Development, Assam | Member |
| 3 | Sh. Om Prakash Choudhary | Minister of Finance, Chhattisgarh | Member |
| 4 | Sh. Kanubhai Desai | Minister of Finance and Energy, Gujarat | Member |
| 5 | Sh. Krishna Byre Gowda | Minister of Revenue, Karnataka | Member |
| 6 | Sh. Jagdish Devda | Deputy Chief Minister and Minister of Finance, Madhya Pradesh | Member |
| 7 | Sh. Harpal Singh Cheema |
Minister of Finance, Punjab | Member |
| 8
|
Sh. Thangam Thennarasu |
Minister of Finance and Human Resources Management, Tamil Nadu | Member
|
| 9 | Sh. Suresh Kumar Khanna | Ministe of Finance and Parliamentary Affairs, UP | Member |
| 10 | Smt. Chandrima Bhattacharya | Minister of Finance, West Bengal | Member |
3. The Terms of Reference of the GoM is to make taxation proposal to replace compensation cess after its abolition.
4. The GoM is to submit the report by 31st December 2024.
5. Department of Revenue shall provide necessary secretarial assistance to the GoM.
This issues with the approval of the competent authority.
RESHMA R KURUP
UNDER SECRETARY
To,
The Hon’ble Members of the GoM.
Copy to:
1. PS to Hon’ble Minister of Finance, Government of India, North Block, New Delhi;
2. PS to Hon’ble Minister of State (Finance), Government of India, North Block, New Delhi;
3. The Nodal Officers of the States of Assam, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh, West Bengal with the request to intimate the Hon’ble Minister regarding their nomination as
4. Members of the Group of Minister on restructuring Compensation Cess.
5. PPS to The Revenue Secretary, North Block, New DelhiPPS to Chairman, CBIC, North Block, New Delhi
6. PPS to Additional Secretary (Revenue), North Block, New Delhi
7. PPS to Joint Secretary (Revenue),North Block, New Delhi
8. PPS to Joint Secretary (TPRU), Jeevan Bharthi Building, New Delhi 5. Nodal officers of all the States.
UNDER SECRETARY
