GST Council Revamp: New Ministers to Join Key Groups
The GST Council is set to undergo significant changes with the induction of new ministers from 11 states, necessitating the reconstitution of three key Group of Ministers (GoM).
Gst CouncilGroup Of MinistersNirmala SitharamanGst Revenue AnalysisReal Estate SectorReal Estate MaharashtraJun 23, 2024
Frequently Asked Questions
What is the GST Council?
The GST Council is a constitutional body that decides on GST rates, exemptions, and other related issues.
Why is the GST Council undergoing changes?
The GST Council is undergoing changes due to the induction of new ministers from 11 states, necessitating the reconstitution of three key Group of Ministers (GoM).
What are the three key GoMs being reconstituted?
The three key GoMs being reconstituted are focused on GST revenue analysis, boosting the real estate sector under GST, and implementing system reforms.
Who is the convenor of the GoM on GST rate rationalisation?
The convenor of the GoM on GST rate rationalisation is Bihar Deputy Chief Minister Samrat Chaudhary.
Which states will see new entrants in the GoM on real estate?
The states of Assam and Chhattisgarh will see new entrants in the GoM on real estate.
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