Council refers service provider's composition scheme, tax on lotteries, to Committee/GOM

GST Council today refers to relevant Committees/GOM following important issues: (i) Extension of composition scheme to small service providers (ii) Tax rate on Lotteries (iii) Taxation of residential property in real estate sector and (iv) Threshold limit of exemption under GST regime; Also, approves proposal to form a 7 Member Group of Ministers assisted by committee of experts from Central Government, State Governments and National Institute of Public Finance and ...