Samrat Chaudhary Heads GST Rate Rationalisation GoM: A Major Reconstitution

Bihar Deputy Chief Minister Samrat Chaudhary has been appointed as the convenor of the reconstituted GoM on GST rate rationalisation. The seven-member panel aims to simplify the GST rate structure, correct inverted duty structures, and enhance GST revenues. This is the second reconstitution of the panel since its formation in 2021.

In a significant development, Bihar Deputy Chief Minister Samrat Chaudhary has been appointed the convenor of the newly reconstituted Group of Ministers (GoM) on GST rate rationalisation. The official memorandum, available on the GST Council secretariat website, reveals that other notable members of this revamped panel include Uttar Pradesh Finance Minister Suresh Kumar Khanna, Goa Transport Minister Mauvin Godinho, and Rajasthan's Health Services Minister Gajendra Singh.

The GoM now boasts a seven-member team, also comprising West Bengal Finance Minister Chandrima Bhattacharya, Karnataka Revenue Minister Krishna Byre Gowda, and Kerala Finance Minister K N Balagopal. The panel has been tasked with the critical job of suggesting necessary rate rationalisations, correcting inverted duty structures, reviewing the GST exemption list, and ultimately, enhancing revenues from the Goods and Services Tax (GST).

Originally set up in September 2021 under then Karnataka Chief Minister Basavaraj Bommai, the GoM saw its first round of reconstitution in October last year. With a change in governance, the GoM was reconstituted this month to accommodate Samrat Chaudhary. Now, with the final report submission pending, the panel is set to bring in reforms with proposed changes to tax rates and slabs.

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