Taxation
GST Council defers decision on tax on real estate, extends deadline
GST Council defers decision on tax on real estate, extends deadline for sales returns till February 22
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The GST Council has deferred a decision on tax rates on real estate and lottery till Sunday, and extended the deadline for businesses to file sales returns for January till Friday.
Briefing reporters after a meeting of the GST Council on Wednesday, Finance Minister Arun Jaitley said, because of the rush of filing of returns, the due date has been extended till February 22 for all states; and February 28 for Jammu & Kashmir.
The due date for filing summary sales return – GSTR-3B – is February 20.
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