GST Council meeting adjourns, fails to arrive at a consensus on real estate

There were differences between the members of the Council on real estate

The Goods and Services Tax (GST) Council meeting on Wednesday saw differences over the tax rates on real estate and would now meet on Sunday to come to a consensus. The February 24 meeting will also take up the issue of uniform rate on lotteries, which figured only briefly at the meeting on Wednesday. The meeting was held through video-conference and some states wanted to have a physical meeting. The fitment committee, which deliberates on the implications of rates on revenue and compliance, will meet on Saturday. This is the first instance of a GST Council meeting getting adjourned to