GST Council has certain important issues to various Committees / GoM
The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them:
(i) Extending the Composition scheme to small service providers. The rate of tax and threshold limit to be proposed – Law Committee and Fitment Committee.
(ii) Tax rate on lotteries – Committee of States.
(iii) Taxation of residential property in real estate sector – Law Committee and Fitment Committee.
(iv) 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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