GoM Set Up to Review Composition Scheme

Posted on:09 Oct 2017 12:15:30
GoM Set Up to Review Composition Scheme
09 October 2017 Current Affairs: A Group of ministers (GoM) set up under Assam Finance Minister Himanta Biswa Sarma to make the composition scheme more attractive and also revisit GST rates on restaurants.

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.

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