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GoM on GST on Housing submits recommendations to Council

GoM on GST  on Housing submits  recommendations to Council

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  20 Feb 2019 10:14 AM GMT

New Delhi: A Group of Ministers (GoM) headed by Gujarat Deputy Chief Minister Nitin Patel which has favoured 3 per cent tax on the affordable housing category, down from 8 per cent, 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 per cent to 18 per cent to boost the realty sector.

The proposed Goods and Services Tax (GST) cut in cement and the GoM report are on the agenda of the meeting, sources said, adding that the government is looking at the housing sector closely ahead of the coming Lok Sabha elections.

Another ministerial panel set up to review tax rate on lottery favoured a uniform GST rate but whether it is 18 or 28 per cent, a final call would be taken at the meeting.

Currently, a state-organised lottery attracts 12 per cent GST while a state-authorised lottery attracts 28 per cent tax. (IANS)

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