Important issues referred by 31st GST Council to various Committees

Ministry of Finance

Certain important issues referred by GST Council to various Committees / GoM

Posted On: 22 DEC 2018 4:44PM

The GST Council in its 31^st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them:

 

1. Extending the Composition scheme to small service providers. The rate of tax and threshold limit to be proposed – Law Committee and Fitment Committee.
2. Tax rate on lotteries – Committee of States.
3. Taxation of residential property in real estate sector – Law Committee and Fitment Committee.
4. Threshold limit of exemption under GST regime – GoM on MSMEs.

 

2.         GST council in its next meeting would take a view on the above issues in its next meeting.

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