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GST council 
Economy

GST Council sets up 2 GoM for real estate, lotteries issues

Agency News

New Delhi, Jan 10 : The GST Council on Thursday formed two group of ministers (GoM) to look into the issues of giving benefits of GST to real estate sector and lotteries in states.

A seven-member Group of Ministers was constituted to examine the proposal of giving a composition scheme to boost the residential segment of the real estate sector, Union Finance Minister Arun Jaitley said. He was addressing media after the 32nd GST Council meet here.

The Minister said a GoM would also be set up to examine the GST rate structure on lotteries.

He said there were a lot differences among states over both the issues and for the purpose have constituted two GoMs. The names of ministers would be decided later. UNI