Updates from 33rd GST Council Meeting held on 20th Feb 2019


The 33rd GST meeting held on the 20th Feb 2019 has brought the following reforms in GST.

1. The Due Date for filling GSTR-3B for January 2019 has been extended

  • For all states except Jammu & Kashmir -22nd February 2019
  • For Jammu and Kashmir - 28th Feb 2019

2. Recommendation of GST rate

  • The rate of GST on under-construction properties has been reduced to 5% GST from 12% GST.
  • The rate of GST on affordable housing category has been reduced to 3% or lower rate of GST from the 8% GST.

However, in both the cases, input tax credit (ITC) cannot be claimed.

3. The GST rate on Lottery has been increased to 28% from the 18% GST

4. The decision on real estate is still pending and the meeting has been adjourned and will be held in Delhi on 24th February


Posted :
on 22 February 2019
 
Published in GST
Source : ,
Views : 1787






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