INSUBCONTINENT EXCLUSIVE:
massive slowdown in the economy, visible in six year low GDP growth numbers for the April-June quarter."The committee shall submit its first
report within 15 days to the GST Council Secretariat which shall coordinate the meeting of the committee to ensure finalisation of the
inception report..," the GST Council office memo said.The GST Council, in a memorandum, said that that it has been decided that that a
committee of officers from state as well as the Centre is "required to suggest steps to be taken to improve revenue collection".The Council
expects the newly formed committee to look into "policy measures and changes in the law", measures to "improve voluntary compliance and
improved compliance monitoring and anti-evasion measures" among others.The aim is to move to GST 2.0 and leapfrog tax reform to its second
phase by bringing electricity, oil - gas, real estate and alcohol under its ambit and converging the rate structure into two-three slabs.The
members of the committee, as stated, were the Commissioners, SGST of Maharastra, Tamil Nadu, Uttar Pradesh, West Bengal and Punjab.The
members from the Centre would include Principal Commissioner, GST PW, Joint Secretary (TRU 1 and 2), ADG (ARM and Systems) and Joint
Secretary, Revenue.Besides, the Joint Secretary, GST Council Secretariat and Executive VP, GSTN will also be the part of the committee.Get
Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
