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GST Council defers decision on tax on real estate

Wednesday, February 20, 2019, 2:37 PM

The GST Council has deferred a decision on tax rates on real estate and lottery till Sunday, and extended the deadline for businesses to file sales returns for January till Friday. Finance Minister Arun Jaitley said, because of the rush of filing of returns, the due date has been extended till February 22 for all states; and February 28 for Jammu & Kashmir.
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GoM on GST on Housing submits recommendations to Council

Tuesday, February 19, 2019, 3:51 PM

A GoM headed by Gujarat Deputy Chief Minister Nitin Patel which has favoured 3% tax on the affordable housing category, down from 8%, has submitted its report to the GST Council for taking it up and decide on it by Wednesday. The Council, in its meeting on Wednesday, might also consider reducing tax on cement from 28% to 18% to boost the realty sector.
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GST relief for realty sector coming: Piyush Goyal

Thursday, February 14, 2019, 4:27 PM

Finance Minister Piyush Goyal on Thursday hinted at the GST Council bringing the GST rates down for the real estate sector, which has been facing a demand slack. He said the Group of Ministers (GoM) under the GST Council was working out a mechanism for taxing the real estate sector under the GST.

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