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GST panel against additional tax incentives for digital transactions

July 09, 2018

According to the recommendations of the Goods and Services Tax (GST) panel set up by the GST council there should be no additional tax incentives for digital transactions, due to revenue considerations. Further, the panel members headed by Sushil Kumar Modi would recommend the council for incentivising digital transactions after a year.

Another ministerial panel on Reverse Charge Mechanism has decided to recommend to the GST Council to notify the registered persons about who would come under the ambit of the panel.

Mr Modi has stated that the panel would advise the council on the class of registered persons who would be required to deposit taxes on reverse charge basis.


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