The Sushil Modi led panel on incentivising digital payments under GST will carry out a detailed analysis of revenue implications on doling out concession in tax rate.
It will also study "international best practices" on moving towards a less-cash economy.
"The GoM will meet one more time as there are various issues which need to be discussed, including the benefits or losses to the exchequer," Modi told reporters here today.
The Bihar Deputy Chief Minister further said that the Group of Ministers will meet again in 10 days and finalise its view, which would be put forth to the GST Council.
"In the mean time the officials will collect some data on the revenue implication and the gains. Issues raised by various states will be taken into account," he said.
To incentivise digital transaction, the GST Council had last week discussed giving a concession of 2 per cent in GST rate (where the tax rate is 3 per cent or more) to consumers making payment through cheque or digital mode. The discount would be capped at Rs 100 per transaction.
West Bengal Finance Minister Amit Mitra, who had earlier voiced concerns on the proposal saying that the poor people will suffer because they still find cash as a viable mode for transaction, said that different views were discussed with regard to its short-comings relating to data and political economy.
"We will have to go threadbare on each of the view points...may be some international studies as well to look at best practices elsewhere," Mitra said
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