GST: Ministerial panel favours deferment of sops for digital payments

The recommendations of the ministerial panels will be placed before the GST Council, chaired by the Union Finance Minister and comprising his state counterparts, during its next meeting on July 21

The Sushil Modi-led ministerial panel will recommend to the GST Council to defer by a year the proposal to incentivise digital payments under the goods and services tax (GST), citing revenue implications of doling out the concessional tax rate.
 

At its meeting on Sunday, the panel has decided to wait for stabilisation of revenues under GST and the new return filing systems in the current financial year, before considering differential GST rates for people making payments using the digital mode.

Besides, another ministerial panel under Modi, on reverse charge mechanism (RCM), has decided to recommend powers to the GST