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Group of Ministers formed to suggest GST system reforms

Group of Ministers formed to suggest GST system reforms

The Union finance ministry has constituted an eight-member Group of Ministers (GoM), led by Maharashtra deputy chief minister Ajit Pawar, to identify potential sources of goods and services tax (GST) evasion and suggest changes in business processes and IT systems to plug revenue leakage.

It will also identify possible use of data analysis towards better compliance and revenue augmentation, and suggest a mechanism for better coordination between central and state tax administrations and tax administrations of different states.

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