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Formation of GoM as Recommended by GST Council in 31st Meeting

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

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. (PIB)

Other Decision in 31ST GST Council Meeting

GST Rate Reduction proposed by GST Council during 31st Meeting

In Principle Approval to Centralised AAAR & Interest on net tax liability in 31st GST Council Meeting

GST Council refers 4 important issues to various Committees / GoM

15 Recommendations made during 31st Meeting of GST Council

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