Certain important issues referred by GST Council 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:

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.