The Goods and Service Tax (GST) Council had earlier formed a panel that was assigned with the task to determine the feasibility and possible consequences of offering tax incentives to users on digital transactions. The report presented by the panel recommends against the proposal, giving the reason that it will strongly affect tax revenues.
The panel was chaired by Bihar’s finance minister and deputy chief minister Sushil Kumar Modi. Other members included Gujarat deputy chief minister Nitinbhai Patel, Haryana excise and taxation minister Capt Abhimanyu, West Bengal finance minister Amit Mitra and Punjab finance minister Manpreet Singh Badal.
