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GST Council meet today: PM Modi wants exemption limit raised to Rs 75 lakh

Modi said almost 99% of the items had now fallen below 18% GST slab and attracted 12% or 18% or even 0% tax rate only

Prime Minister Narendra Modi said he has asked the GST Council to bring houses meant for the middle class in the 5% GST slab  (Photo: PTI)
Prime Minister Narendra Modi said he has asked the GST Council to bring houses meant for the middle class in the 5% GST slab (Photo: PTI)

A day ahead of a meeting of the Goods and Services Tax Council, Prime Minister Narendra Modi on Wednesday revealed that he had urged the Council to raise the threshold for exemption from the levy's registration, to Rs 75 lakh annual turnover from the current Rs 20 lakh. “Besides, I have urged the Council to club houses meant for the middle class in the 5 per cent GST slab. The Council has all the state governments on board,” the PM said at a public meeting in Agra on Wednesday. A group of ministers (GoM) from the Council, headed by Union Minister of State for ...