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.

Composition scheme: extension to small service providers referred for rate and threshold review by law and fitment committees. Extension of the composition scheme to small service providers, including determination of applicable rate and threshold, was referred to the Law Committee and Fitment Committee; tax rate on lotteries was referred to the Committee of States; taxation of residential property in real estate was referred to the Law Committee and Fitment Committee; and the threshold limit of exemption under GST for MSMEs was referred to a Group of Ministers, with the Council to revisit these issues at a later meeting.