GST Council to Reconstitute Three Group of Ministers as New Ministers Join
The GST Council will reconstitute three Group of Ministers (GoM) as new ministers from 11 states join the body, including those on analysis of revenue from GST, boosting the real estate sector, and GST system reforms.
Gst CouncilGroup Of MinistersNirmala SitharamanAjit PawarReal Estate SectorGst System ReformsReal Estate MaharashtraJun 23, 2024
The reconstitution of the three GoMs is necessary due to the change in ministers from various states. The GoM on analysis of revenue from GST will need to include the new finance minister from Odisha, as well as the new finance minister from Haryana. The Bharatiya Janata Party (BJP) won the assembly polls in Odisha and formed the government earlier this month.
The GoM on boosting the real estate sector, which is headed by Maharashtra Deputy Chief Minister Ajit Pawar, will also need to be reconstituted as the finance minister from Bihar has changed. Additionally, the panel on GST system reforms, also under the convenorship of Pawar, will need to be reconstituted with five new ministers from Assam, Andhra Pradesh, Haryana, Chhattisgarh, and Odisha.
The 52nd GST Council meeting was held on October 7, 2023. With the new ministers joining the council, the reconstitution of the three GoMs is expected to take place soon.
Information
The Goods and Services Tax (GST) Council is a constitutional body that decides on GST rates and policies. It is chaired by the Union Finance Minister and consists of finance ministers from all states.
The Bharatiya Janata Party (BJP) is a national political party in India. It is one of the two major parties in the Indian political system, the other being the Indian National Congress.
Keywords GST Council, Group of Ministers, Nirmala Sitharaman, Ajit Pawar, real estate sector, GST system reforms, revenue analysis
Frequently Asked Questions
What is the GST Council?
The GST Council is a constitutional body that decides on GST rates and policies.
Who chairs the GST Council?
The GST Council is chaired by the Union Finance Minister.
What is the purpose of the Group of Ministers (GoM)?
The GoM is a subgroup of the GST Council that focuses on specific areas, such as analysis of revenue from GST, boosting the real estate sector, and GST system reforms.
Why is the reconstitution of the GoM necessary?
The reconstitution of the GoM is necessary due to the change in ministers from various states.
Who is the head of the GoM on boosting the real estate sector?
The head of the GoM on boosting the real estate sector is Maharashtra Deputy Chief Minister Ajit Pawar.
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