A Group of Minister (GoM) has been constituted under the chairmanship of Bihar Finance Minister Sushil Kumar Modi to analyze the revenue shortfall in States under the new Goods and Services Tax (GST) regime.
In its 31st meeting of GST Council held on 22nd December 2018 at New Delhi, the Council had decided to form a Group of Ministers (GoM) on Analysis of Revenue from GST. The GoM on Analysis of Revenue from GST shall consist of the following members:
The other members in the GoM are Shri Karnataka Minister Krishna Byre Gowda, Kerala Finance Minister Dr. T. M. Thomas Isaac, Punjab Minister Shri Manpreet Singh Badal, Odisha Minister Shri Shashi Bhushan Behera, Haryana Minister Capt. Abhimanyu and Goa Minister Shri Mauvin Godinho.
The main functions of the GoM are to analyze the State-wise trends of revenue collection both under the pre and post GST, to analyze the structural patterns emerging out of certain major sectors of economy affecting the revenue collection, including the services sector and to identify the underlying reasons for deviations in revenue collection trends vis-a-vis original assumption arrived at during design and implementation of GST, in particular less than expected revenue collection of some of the major consuming States.
