As per yesterday’s IATO meeting at The Park Hotel, New Delhi ,some of the areas where GST council can look at is reconsideration of the basic exemption limit of Rs. 20 lacs on the services income. There are two main issues involved in this exemption which makes this exemption as non beneficial to the professionals and service providers across all services. The first issue is that in case of any interstate income, this exemption of Rs. 20 lacs is not available. Hence if a professional gets any income from inter state transaction, the same is subject to GST and exemption of Rs. 20 lacs will not be available. The second issue is that even in case of intra state transactions, the registered person has to add GST as reverse charge on the invoice of unregistered dealer for any invoice above Rs. 5000. Hence, the exemption given for Rs. 20 lacs under GST is invalid and has no benefit to the exempt person.