Quick Summary
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 compli
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FAQ :
The GST Council's 55th meeting was 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 GoM will analyse state-wise revenue trends, the impact of economic factors on GST revenue, and review anti-evasion and compliance tools.
The main objective is to recommend policy interventions for revenue augmentation, especially for states facing high revenue shortfalls.
Dr. Pramod P. Sawant, Chief Minister of Goa, is the convenor of the reconstituted 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Revenue Analysis/GSTC/2018 dated 01.01.2019, and OM No. GoM-Analysis of Revenue/GSTC/2021 dated 11.07.2023 have been superseded.
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