In its 55th meeting held on December 21, 2024, in Jaisalmer, Rajasthan, the GST Council decided to reconstitute the Group of Ministers (GoM) on Analysis of Revenue from GST with revised Terms of Reference (ToR). The move aims to enhance revenue monitoring and policy recommendations for better compliance and revenue augmentation.
Official copy of the Memorandum is as follows
In its 55th Meeting held on 21.12.2024 in Jaisalmer, Rajasthan, the GST Council decided that the GoM on Analysis of Revenue from GST may be reconstituted with revised Terms of Reference. Accordingly, the GoM on Analysis of Revenue from GST is reconstituted as hereunder.
The Composition of the GoM would be as follows:
|
S. No. |
Name |
Designation and State |
Position |
|
1 |
Dr. Pramod P. Sawant |
Chief Minister, Goa |
Convenor |
|
2 |
Sh. Samrat Chaudhary |
Deputy Chief Minister, Bihar |
Member |
|
3 |
Sh. Om Prakash Choudhary |
Minister of Finance, Chhattisgarh |
Member |
|
4 |
Sh. Kanubhai Desai |
Minister of Finance and Energy, Gujarat |
Member |
|
5 |
Sh. Payyavula Keshav |
Minister of Finance; Planning; Commercial taxes & legislative, Andhra Pradesh |
Member |
|
6 |
Sh. Ajit Pawar |
Deputy Chief Minister, Maharashtra |
Member |
|
7 |
Sh. Harpal Singh Cheema |
Minister of Finance, Punjab |
Member |
|
8 |
Sh. Thangam Thennarasu |
Minister of Finance and Human Resources Management, Tamil Nadu |
Member |
|
9 |
Sh. Mallu Bhatti Vikramarka |
Minister of Finance & Planning, Energy, Telangana |
Member |
The Terms of Reference (ToR) for the GoM are as follows:
i. State-wise Revenue Trend Analysis
- Analyse state-wise revenue collection trends, including the identification of revenue patterns across sectors and regions.
- Review details of revenue from inter-State outward supply.
- Review sector-wise analysis and identify and recommend sectors specific issues that need policy intervention or enforcement measures.
ii. Analysis of impact of economic and other factors on GST Revenue:
- Analyse the effect of macroeconomic policy changes and sectoral/geographical factors on GST revenue, including the specific challenges faced by agrarian and smaller states.
- Analyse the consequences of amendments made in the GST Act and rules/notifications.
iii. Anti-Evasion and Compliance Tools Integration:
- Review and recommend harmonization of anti-evasion, audit, and scrutiny tools developed by various agencies (e.g., NIC, GSTN, DG ARM, State Governments) to create a unified enforcement and compliance platform.
iv. Policy Recommendations for Revenue Augmentation:
- Suggest suitable measures/Policy intervention for course correction for revenue augmentation particularly for the States suffering high revenue shortfall.
Department of Revenue shall provide the necessary secretarial assistance to the GoM.
Office Memorandum No. GoM Analysis of Revenue/GSTC/2021 dated 09.06.2021, OM No. 844/GoM for Revenue Analysis/GSTC/2018 dated 01.01.2019 and OM No. GoM-Analysis of Revenue/GSTC/2021 dated 11.07.2023 on the subject cited above are hereby superseded.
Official copy of the memorandum has also been attached
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