Taxation
GST Council defers decision on tax on real estate, extends deadline
GST Council defers decision on tax on real estate, extends deadline for sales returns till February 22
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With regard to goods and Services Tax (GST) rate on under-construction housing properties, Jaitley said, since certain states wanted physical meeting for this agenda, hence, the
Council would meet again on February 24 to take a decision.
Today’s meeting has been adjourned till Sunday, Jaitley said, adding discussion on real estate and lottery will continue.