GST ministerial panel puts off two issues; Council to meet on July 21

The GST ministerial panel led by Bihar Deputy Chief Minister Sushil Modi put off two key items — the reverse charge mechanism and digital payment incentives — in its meeting on Sunday, indicating a slowdown in decision-making under the one-year-old indirect tax regime ahead of the impending elections.

The GST Council will meet on July 21 after more than two months to discuss issues including outcomes of meetings of the group of ministers (GoM).

The panel decided to omit the reverse charge mechanism (RCM) clause from the GST law under which registered taxpayers buying from unregistered taxpayers have to deposit