GST Council reconstitutes GoM on GST revenue analysis, expands ToR
New Delhi, The GST Council has reconstituted the Group of Ministers on GST revenue analysis which will suggest sector-specific issues that need policy intervention, and the feasibility of a unified enforcement platform to check tax evasion. The GST Council, in its 55th meeting on December 21, 2024, had decided to reconstitute the Group of Ministers (GoM) on GST revenue analysis with a revised ToR.
The GoM was first set up in 2019. The reconstituted GoM on 'Analysis of Revenue from GST' under Goa Chief Minister Pramod Sawant, would have nine members including from the states of Bihar (Samrat Chaudhary), Chhattisgarh (O P Choudhary), Gujarat (Kanubhai Desai), Andhra Pradesh (P Keshav), Maharashtra (Ajit Pawar), Punjab (Harpal Singh Cheema), Tamil Nadu (Thangam Thennarasu) and Telangana (M B Vikramarka).
As per the expanded ToR, the GoM would analyse the state-wise revenue collection trend, including the identification of revenue patterns across sectors and regions. It would also review details of revenue from the inter-state outward supply. It would also conduct a review of sector-wise analysis and identify sector-specific issues that need policy intervention or enforcement measures.
The GoM would also analyse the effect of macroeconomic policy changes and geographical factors on GST revenues, challenges faced by agrarian and smaller states, and analyse the impact of amendments made in GST acts and rules.
