Will the GST Issues be Resolved this 2019?
The GST Council held it’s last meeting on January 10, this year. But it did not reach any conclusions for resolving the long-standing issues of the developers and buyers, the high GST rate being the prominent one. A GoM has been formed for addressing these problems, which comprises the Goa’s Minister of Panchayat and the Finance Ministers of Uttar Pradesh, Karnataka, Kerala, Punjab and Maharashtra.
Rationalization of the existing GST rate will be addressed if possible, by a panel of Ministers led by the Deputy Chief Minister of Gujarat, apart from constructing a composition scheme as an extension of GST to the consumer-based industries. Back on January 10, the GST Council held a meeting that was unable to reach an agreement on the varying matters of the Real Estate Sector. A separate GoM (Group of Ministers) will be handling the affairs.
Rationalization of the existing GST rate will be addressed if possible, by a panel of Ministers led by the Deputy Chief Minister of Gujarat, apart from constructing a composition scheme as an extension of GST to the consumer-based industries. Back on January 10, the GST Council held a meeting that was unable to reach an agreement on the varying matters of the Real Estate Sector. A separate GoM (Group of Ministers) will be handling the affairs.
Rationalization of the existing GST rate will be addressed if possible, by a panel of Ministers led by the Deputy Chief Minister of Gujarat, apart from constructing a composition scheme as an extension of GST to the consumer-based industries. Back on January 10, the GST Council held a meeting that was unable to reach an agreement on the varying matters of the Real Estate Sector. A separate GoM (Group of Ministers) will be handling the affairs.