By TIOL News Service

NEW DELHI, AUG 15, 2018: AS a follow-up of the decision of the GST Council at its last meeting on August 4, the Union of India has notified the constitution of the Group of Minister (GoM) on MSMEs. And the Members are Mr Sushil Modi, Mr Manish Sisodia, Dr Himanta Biswa Sarma, Dr T M Thomas Isaac and Mr Manpreet Singh Badal. The MoS for Finance, Mr Shiv Pratap Shukla, has been notified as the Convenor of the panel.

The Finance Minister of any State who may be keen to participate in the GoM meeting, is allowed to join the proceedings. The GoM is to be assisted in its work by the JS, TRU-II, Mr M K Sinha who was also mandated to design the New GST Return, now in the public domain.

As per the Terms of Reference, the GoM to finalise the measures after examining the recommendations of the Law Committee, Fitment Committee and the IT Committee which have already worked on the representations received prior to the last Council meeting.

The GoM has also been tasked with the responsibility to project revenue impact of the measures suggested.

The GoM is mandated to submit its report to the Council within a period of two months. If it is able to firm up some measures during this period, it may present the same before the Council at its next meeting.