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Regular-article-logo Monday, 18 November 2024

GST recast panel starts exercise

This is going to be the first comprehensive review of the GST after it was rolled out on July 1, 2017

PTI New Delhi Published 13.10.19, 06:38 PM
Nirmala Sitharaman

Nirmala Sitharaman (PTI)

A high-level panel set up by the government to suggest measures to augment GST revenue collection will hold its first meeting on Tuesday, a senior official said.

The government last week constituted the panel of officers to suggest steps to expand the tax base and check evasion in the backdrop of falling revenue collections under the GST.

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The Goods and Services Tax (GST) collections dropped sharply to a 19-month low in September to Rs 91,916 crore, reflecting the slowdown in the economy.

“The first meeting of the committee is scheduled to be held on Tuesday, October 15,” GST Council special secretary Rajeev Ranjan said.

The committee has been given 15 days to submit its report, he said.

This is going to be the first comprehensive review of the GST after it was rolled out on July 1, 2017.

The 12-member panel, comprising state-level GST commissioners and cental officials, has been asked to suggest urgent measures to arrest the fall in tax revenues and steps to be taken to improve revenue collection.

“The committee should consider a wide range of reforms so that a comprehensive list of suggestions emerge,” an official order had said.

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