Composition Scheme to be framed for Small Service provider : MOF

Composition Scheme to be framed for Small Service provider : MOF

Ministry of Finance

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

The GST Council in its 31 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.

 

S.No.	Particulars
1.	Key updates of 31st GST Council Meeting | 31st GST Council Meeting updates
2.	GST Annual return due date extended to 30th June 2019
3.	Recommendations made during 31st Meeting of the GST Council : MOF
4.	A Centralised Appellate Authority for Advance Ruling to be formed
5.	Composition Scheme to be framed for Small Service provider : MOF
6.	GST Rate Changes after 31st GST Council Meeting : MOF
7.	GoM to be formed to study GST revenue collection in some of the States