The government has tasked a group of ministers (GoM) led by Karnataka Chief Minister Basavaraj S. Bommai to propose a rationalization of tax rates and considering the merger of different tax slabs within two months and the other one was eight-member GoM under Maharashtra Deputy Chief Minister Ajit Pawar for “GST system reforms”.
Mr. Bommai’s seven-member group constituted by the Finance Ministry included West Bengal Finance Minister Amit Mitra and Kerala Finance Minister K.N. Balagopal, as well as GST Council members from Goa, Bihar, Uttar Pradesh, and Rajasthan. The group has been asked to suggest immediate changes, as well as a roadmap for short- and medium-term changes to the GST rate structure.
The GoM shall review the current tax slab rates and recommend changes in the same as may be needed to garner required resources (and) review the current rate slab structure of GST, including special rates, and recommend rationalization measures, including the merger of tax rate slabs, required for a simpler rate structure in GST.
Ajit Pawar, Deputy Chief Minister, Maharashtra, will be the convener of GoM for “GST system reforms”. Manish Sisodia, Deputy Chief Minister, Delhi; Dushyant Chautala, Deputy Chief Minister, Haryana; Andhra Pradesh Finance Minister Buggana Rajendranath; Assam Finance Minister Ajanta Neog; Chhattisgarh Commerical Taxes Minister T.S. Singh Deo; and Odisha Finance Minister Niranjan Pujari are the other members.
The other GoM on GST system reforms will review IT tools and interface available with tax officers and suggest measures to make the system more efficient and effective, identify potential sources of evasion, identify possible use of data analysis towards better compliance and revenue augmentation and suggest the use of such data analysis and identify mechanisms for better coordination between Central and State tax administration. This GoM will give its recommendation to the Council from time to time and will review the implementation of reform measures approved by the Council, the order said.
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