Sushil Modi-led GoM to examine modalities for 'calamity tax' under GST

The Government Friday constituted a seven-member ministerial panel headed by Bihar Deputy Chief Minister Sushil Modi to examine modalities for revenue mobilisation in case of natural calamities and disasters. The panel would submit its report to the GST Council by October 31, an official release said. Earlier in the day, the GST Council -- chaired by Finance Minister Arun Jaitley -- decided to set…