Daily Email Newsletter (Sign-up Free)

[31st GST Council Meeting] Certain issues referred by Council to Committees / GoM

The GST Council in its 31st meeting held on 22nd December 2018 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.

GST council in its next meeting would take a view on the above issues in its next meeting.

Source: CBIC

No comments:

Post a Comment

In comment with "Name/Url" option, only Name is mandatory to be filled.