NITIN PATEL COMMITTEE

Jan. 16, 2019

A Group of Ministers (GoM) has been constituted for boosting the Real Estate Sector under the GST regime by providing a Composition Scheme for Residential Construction Units among others.

About:

Background: The decision was taken in pursuance of decision in the 32nd Meeting of GST Council held on 10th January, 2019 at New Delhi.
Composition: Nitin Patel, Deputy Chief Minister of Gujarat will be the Convener of this 7-Member GoM.
Terms of Reference (ToR) for the GoM:
- Analyse tax rate of GST for boosting the Real Estate Sector under GST regime by providing a Composition Scheme for Residential Construction Units.
- Examine various aspect of levy of GST on Transfer of Development Rights (TDR) and Development Rights in a joint Development Agreement and suitable model.
- Examine and suggest any other aspect relevant to boost Real Estate Sector, which may be brought to the notice of GoM.