Finance Minister Arun Jaitley has said that the government will soon take a decision on the Justice AP Shah Committee's report on applicability of the Minimum Alternate Tax, MAT, on foreign investors. MAT is a way of making companies pay the minimum amount of tax.<br/><br/>Mr. Jaitley said that the government would examine, consider the report and then will take a decision soon. The Shah Committee Friday, submitted its report to the government. In May, the government had appointed Shah Committee to examine the matter relating to levy of MAT on Foreign Institutional Investors, FIIs, prior to April 2015.<br/><br/>The report comes against the backdrop of foreign investors dragging the government to court over applicability of MAT on capital gains made by them. The Income Tax Department had sent notices to 68 FIIs demanding around 603 crore rupees as MAT dues of the previous years with FIIs moving the higher court challenging this demand.<br/><br/>Finance Minister in 2015-16 Budget has exempted FIIs from paying MAT with effect from First of April 2015.