Some key points of the meeting:

(1) Threshold limit for exemption:
a) North Eastern states: Rs. 10 lakhs
b) Other states: Rs. 20 lakhs

(2) Control Jurisdiction:
a) Services: Central Authorities
b) Goods: Based on turnover
i) Turnover below Rs. 1.5 crores: States
ii) Turnover above Rs. 1.5 crores: Both Centre and States

(3) Next meeting on September 30 to decide on all kinds of exemptions.

(4) Further round of meetings fixed for 17,18 & 19th October, 2016 to decide on rates and slabs.

(5) States to be compensated considering the base year as 2015-16 instead of 2016-17.