09 October 2017

GoM Set Up to Review Composition Scheme

GoM Set Up to Review Composition Scheme

A group of ministers (GoM) has been set up under Assam Finance Minister Himanta Biswa Sarma to make the composition scheme more attractive and also revisit GST rates on restaurants. The GST Council, chaired by Finance Minister Arun Jaitley had constituted the GoM.

With only 15.50 lakh businesses out of the total 98 lakh registered under the goods and services tax (GST) regime opting for the composition scheme, the GST Council has decided to set up the GoM to examine measures to make it more attractive.

Important Takeaways from Above News-
  • Jagdish Mukhi is the Present Governor of Assam.
Source- The Hindu

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