Important issues referred by GST Council to various Committees / GoM

GST Council has certain important issues to various Committees / GoM 

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:

(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