GST Council Meeting: Decision on Real Estate Sector Deferred

GST Rates - Arun Jaitely - Taxscan

The Goods and Services Tax ( GST ) Council meeting held today through video conference remained inconclusive after some state finance ministers sought a physical meeting as they felt an issue as crucial as a special scheme for real estate sector should not be discussed through a video conference.

The meeting will now take place in Delhi on February 24.

“The discussion remained incomplete today through video conferencing. Few ministers expressed their opinion and the rest will express their opinion and we will try and take a decision on this issue on Sunday… I have always followed the approach of moving as per consensus and some of the states wanted meeting where members are physically present, keeping the idea of consensus in mind, I adjourn the meeting to Sunday (February 24),” finance minister Arun Jaitley said after the meeting.

The meeting was also expected to address another issue, i.e, single rate of tax on lottery—that some states believe should be taken up in the presence of each and every member of the Council.

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