NEW DELHI: The first meeting of the the Group of Ministers (GoM) set up to make the GST composition scheme more attractive was held here on Sunday.
The five member GoM, headed by Assam Finance Minister Himanta Biswa Sarma has been tasked to revisit Goods and Services Tax (GST) rates for restaurants.
The other members of the GoM are Bihar Deputy Chief Minister Sushil Modi, Jammu and Kashmir Finance Minister Haseeb Drabu, Punjab Finance Minister Manpreet Singh Badal and Chhattisgarh Minister of Commercial Taxes Amar Agrawal. It will examine whether the AC restaurants pass on the benefit of cost reduction under GST to consumers and if they are not, whether they should be disallowed input tax credit claims. (AGENCIES)
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