Business

Sitharaman opts out of GoM on IGST, Sushil Modi made chairman

Sitharaman opts out of GoM on IGST, Sushil Modi made chairman

TIL Desk/Business/New Delhi/ The Centre has changed the composition of the group of ministers (GoM) on integrated goods and service tax (IGST) after finance minister decided to opt out of the ministerial panel headed by her. Deputy Chief Minister of Bihar, Sushil Modi has now been made chairperson of the GoM that is expected to deliberate and suggest measures for increasing the GST revenue.

Sources in GST Council said that the said changes has been made as finance minister Nirmala Sitharaman is also chairperson of the Council, which is expected to receive report from GoM and take further action. So, this would have created a situation where the person finalising the recommendation is also to take further action on it.

“Inadvertently, Union Finance Minister was mentioned as Chairman of the GoM. Since Union Finance Minister who is also the Chairperson of the GST Council could not have headed the GoM as its report is required to be submitted to the Chairperson of the Council. In view of the above, a modification was made to the constitution of the GoM…,” Council sources said.

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