Ministry of Finance

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

Posted On: 22 DEC 2018 4:44PM by PIB Delhi

            The GST Council in its 31st 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.

 

*****

DSM/RM/KMN



(Release ID: 1557059) Visitor Counter : 2901

Read this release in: Marathi