- A seven-member Group of Ministers (GoM) have been formed to look into the revenue shortfall being faced by states following the roll out of Goods and Services Tax (GST).
- Bihar Deputy Chief Minister Sushil Kumar Modi will head the Group of Ministers.
- The GST Council, headed by Finance Minister Arun Jaitley, had decided to set up the GoM at its meeting recently. As per a GST Council notification, the committee will suggest steps for augmenting collections. It will undertake data analysis and suggest measures for course correction.
- Several state governments have said that they are facing revenue shortfall including Bihar, Punjab, Himachal Pradesh, Uttarakhand, Jammu and Kashmir, Odisha and Gujarat .
- The states have faced revenue shortfall in the range of 14 to 37 per cent in the April to November period.
- Among the Union Territories, Puducherry is facing maximum shortfall of 43 per cent.
- Of the 31 states, only Andhra Pradesh and five north eastern states — Mizoram, Arunachal Pradesh, Manipur, Sikkim and Nagaland — have recorded revenue increase post the GST roll out.
