Govt forms GOM to look into GST related issues of MSME sector

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Our Correspondent / NEW DELHI

Union Finance Minister Piyush Goyal today announced that a Group of Ministers, GOM headed by Minister of State for Finance Shiv Pratap Shukla, has been formed to look into GST related issues of MSME sector.

Briefing media after the 29th meeting of GST Council the Finance Minister said issues related to small businessmen and retailers were discussed today.

The Finance Minister said the council has decided to form sub committees under the leadership of Minister of State for Finance, Shiv Pratap Shukla to look after issues concerning MSME sector. Mr Goyal said the Law Committee will take decisions related to law and procedures and Fitment Committee will take decisions related to rates.

The Minister said the recommendations made by the two panels will be further considered by the Group of Ministers which will be finally taken up for discussion by the GST Council.

Mr Goyal also said the Council has approved 20 percent cashback for customers making payments through Rupay Debit card, Bhim, and USSD. He added that the GST incentives for digital payments will be rolled out on pilot basis.