homevideos Newseconomy NewsGST council to consider GoM's special report on revenue mobilisation efforts
GST council to consider GoM's special report on revenue mobilisation efforts
The upcoming meeting of the goods and services tax (GST) council is likely to consider a special report of the government on revenue mobilisation efforts, said people familiar with the matter.
The GST Council is set to meet on January 10.
Earlier, two ministerial panels under the GST Council met to decide on hiking the exemption threshold for MSMEs and feasibility of levying calamity cess under the new indirect tax regime, officials said.
The six-member Group of Ministers (GoM) on MSME, headed by Minister of State for Finance Shiv Pratap Shukla, deliberated on the problems faced by micro, small and medium enterprises (MSMEs) under GST and scope for hiking exemption threshold for such units.
Currently, businesses with annual turnover of up to Rs 20 lakh are exempt from the GST.
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