NIFTY 50

Political Exchange: Government forms GoM to look into IGST dues

Updated : December 05, 2019 09:27 PM IST

In a bid to provide comfort to states on the treatment of unsettled integrated goods and services tax (IGST) claims, under the goods and services tax regime, the government in December has carved out a special group of ministers (GoM) to deal with the issue.

This is the first-ever GoM where the Union Finance Minister will be chairing a panel since the rollout of GST. According to the government circular, the GoM will study the issue of settlement of IGST as on March 31, 2018, in detail.

The GoM, under the Chairmanship of FM Nirmala Sitharaman, has other members from Bihar, Delhi, Puducherry, Tamil Nadu, Punjab, Odisha, and Chhattisgarh.

This comes at a time when 6 states governed by opposition parties are demanding their GST compensation dues for the last 2 months.

For an in-depth analysis, Shereen Bhan spoke to Thomas Isaac, Finance Minister of Kerala and Manish Sisodia, Finance Minister of Delhi.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV