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Sushil Modi New Chief Of GST Panel

BW Online Bureau Nov 08, 2014

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[Bihar Deputy Chief Minister and Finance Minister Sushil Kumar Modi was on Monday elected the new chairman of the Empowered Committee of State FMs, which is spearheading the implementation of Goods and Services Tax (GST). Modi, who also handles the finance portfolio in the Bihar government, replaces Asim Dasgupta, who had served in the post for over a decade since the formation of the body. The committee had earlier overseen implementation of the Value Added Tax (VAT) system across the states. "The substantive bussines of today's meeting was the election of the chairman. Sushil Modi, the Deputy Chief Minister and Finance Minister of Bihar, has been elected unanimously as the chairman of the Empowered Committee of State Finance Ministers," Union Finance Minister Pranab Mukherjee told reporters here. Mukherjee had invited all state FMs to Delhi on Monday for the meeting of the Empowered Group after a gap of almost five months. The post of the chairman of the group fell vacant after the defeat of Dasgupta in the West Bengal Assembly polls in May. Dasgupta, who was the West Bengal Finance Minister, had headed the Committee since its formation in early 2000s. One of the major tasks before Modi, as the new chairman, would be to build a consensus on the proposed GST regime, which has been pending for years. Mukherjee, however, said that details of the agenda are still to be worked out. "Now, they (state FMs) are having discussions. Some formalities will have to be worked out and after that, the committee will work out a detailed work programme," Mukherjee said. (PTI)