Certain important issues referred by GST Council 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. (PIB)

Other Decision in 31ST GST Council Meeting

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Formation of GoM as Recommended by GST Council in 31st Meeting

In Principle Approval to Centralised AAAR & Interest on net tax liability in 31st GST Council Meeting

15 Recommendations made during 31st Meeting of GST Council

GST on Goods- Changes proposed in 31st meeting of GST Council

GST on services- 21 Changes proposed in 31st meeting of GST Council

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Category : Goods and Services Tax (8439)
Type : Featured (4637) News (14087)
Tags : goods and services tax (6878) GST (6479) GST Council (124)

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