Ex Finance Minister of Kerala Mr. K M Mani has stepped down from his post of chairman of the empowered group of State Finance Ministers panel on Goods and Services Tax. He has resigned from his current post and sent his resignation letter to the Finance Minister of India, Mr. Arun Jaitley. He was taken oath of Chairperson of the panel of GST in the March, 2015.
Earlier this week, the Kerala high court has taken an action against the Kerala Congress leader (M) in the bar bribery case, therefore Finance Minister Mani has resigned. A meeting of all state finance ministers is to be held on November 20, 2015 regarding the panel of GST legislation and its laws discussion. Likely, in the meeting, new chairman could be appointed.
Recently, the Centre had circulated among states the draft of CGST, SGST and iGST for their comments. The Central GST will be applied based on the law of GST. The states will be framed their own state GST based on the draft model law. In additional, the interstate movement of goods and services will be framed, based on the iGST law.
