GoM constituted on Compensation Cess

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OFFICE OF THE GOODS & SERVICES TAX COUNCIL SECRETARIAT 5th Floor, Tower-II, Jeevan Bharti Building, Connaught Place, New Delhi-110001 407/GoMonCompensatonCess/GTSC/2024 September 25, 2024 OFFICE MEMORANDUM Subject: Constitution of Group of Ministers (GoM) on restructuring Compensation Cess In its 54th Meeting held on 09.09.2024 in New Delhi, the GST Council discussed the need for a comprehensive deliberation on compensation cess. 2. In the aforesaid meeting, the GST Council recommended to constitute a GoM to make taxation proposal to replace the compensation cess after its abolition. Accordingly, a Group of Ministers is hereby constituted with the following composition: S No Name Designation and State Position 1 Sh. Pankaj Chaudhary Union Minister of State for Finance, Government of India Convenor 2 Smt. Ajanta Neog Minister of Finance and Women and Child Development, Assam Member 3 Sh. Om Prakash Choudhary Minister of Finance, Chhattisgarh Member 4 Sh. Kanubhai Desai Minister of Finance and Energy, Gujarat Member 5 Sh. Krishna Byre Gowda Minister of Revenue, Karnataka Member 6 Sh. Jagdish Devda Deputy Chief Minister and Minister of Finance, Madhya Pradesh Member 7 Sh. Harpal Singh Cheema Minister of Finance, Punjab Member 8 Sh.Thangam Thennarasu Minister of Finance and Human Member 407/GoMonCompensatonCess/GTSC/2024 I/98102/2024 Resources Management, Tamil Nadu 9 Sh. Suresh Kumar Khanna Minister of Finance and Parliamentary Affairs, UP Member 10 Smt. Chandrima Bhattacharya Minister of Finance, West Bengal Member 3. The Terms of Reference of the GoM is to make taxation proposal to replace compensation cess after its abolition. 4. The GoM is to submit the report by 31st December 2024. 5. Department of Revenue shall provide necessary secretarial assistance to the GoM. This issues with the approval of the competent authority. RESHMA R KURUP UNDER SECRETARY To, The Hon'ble Members of the GoM. Copy to: 1. PS to Hon'ble Minister of Finance, Government of India, North Block, New Delhi; 2. PS to Hon'ble Minister of State (Finance), Government of India, North Block, New Delhi; 3. The Nodal Officers of the States of Assam, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh, West Bengal with the request to intimate the Hon’ble Minister regarding their nomination as Members of the Group of Minister on restructuring Compensation Cess. 4. PPS to The Revenue Secretary, North Block, New Delhi 5. PPS to Chairman, CBIC, North Block, New Delhi 6. PPS to Additional Secretary (Revenue), North Block, New Delhi 7. PPS to Joint Secretary (Revenue),North Block, New Delhi 8. PPS to Joint Secretary (TPRU), Jeevan Bharthi Building, New Delhi 5. Nodal officers of all the States. UNDER SECRETARY 407/GoMonCompensatonCess/GTSC/2024 I/98102/2024 407/GoMonCompensatonCess/GTSC/2024 I/98102/2024