TIL Desk/Business/New Delhi/ The Goods and Services Tax (GST) Council on Saturday decided to form a seven-member Group of Ministers (GoM) to study anomalies in tax collection in some of the states which showed wide deviation from what was expected.
“The Council has approved the proposal to form a seven-member GoM to study the revenue trend, including analysing reasons for structural patterns affecting revenue collection in some of the states,” Finance Minister Arun Jaitley said after the meeting.
The study would include the underlying reasons for deviation from revenue collection targets vis-a-vis original assumptions discussed during the design of the GST system, its implementation and related structural issues, he said.
“There is improvement in many states, but we are behind target because we have a very stiff target. From the base year 2015-16, three increases of 14 per cent compounded annually, this year’s target would be nearly 50 per cent above the base year. Falling short of target by 5 to 10 per cent is due the stiff target,” he said.
