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.