Press Release

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

December 22, 2018

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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