GST returns deadline extended for J&K

NEW DELHI, Feb 20:
The GST Council today deferred a decision on rationalisation of tax rates on real estate and lottery till February 24 as some opposition-ruled States demanded that a meeting, where members are physically present, be convened for deciding on such crucial issues.
The 33rd meeting of the Council, held through video conferencing, also decided to extend the deadline for filing summary sales return – GSTR-3B – for January by two days till February 22.
“Considering the speed at which returns are getting filed, thousands of returns being filed every hour, the suggestion before the GST Council was to extend the deadline by two days for all States; and since some areas are facing disturbance, for Jammu & Kashmir it be extended till February 28. So we took that decision,” Finance Minister Arun Jaitley said.
The GST Council, headed by Jaitley and comprising State counterparts, was also slated to discuss the reports of the Group of Ministers (GoM) on under-construction housing property and lottery. Ministers from all states attended the meeting.
Briefing reporters after the meeting of the Council, Jaitley said the report of the GoM on real estate was considered, and since some States wanted a physical meeting before a final decision is taken on the issue, hence, a final decision would be taken after a physical meeting on February 24.
However, GST on lottery was not be taken up for discussion by the Council on Wednesday. (PTI)