The Empowered Committee of State Finance Ministers will meet in New Delhi on December 14 to discuss State-wide strategies for liquor, petrol and diesel and stamp duty which are State revenue sources outside the Goods and Services Tax (GST).
In the wake of proposals to bring petrol and diesel too under the GST purview, the meeting assumes importance.
The meeting to discuss State revenue resources will be held after the larger annual general meeting (AGM) of the Empowered Committee of State Finance Ministers, Additional Secretary, GoI and Principal Secretaries of finance and Commissioners of Commercial Taxes of all States.
The AGM will approve the annual report of the empowered committee and the statement of accounts for the financial year 2016-17. The meeting will be chaired by Dr. Amit Mitra, Finance Minister of West Bengal. A week later the meeting of GST Council headed by the Union Finance Minister Arun Jaitley will be held.