GST Council Meeting: No rate hike, vote for single lottery rate
The GST Council on Wednesday fixed a uniform tax rate of 28% both state and private lottery
Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020
NEW DELHI : The all-powerful GST Council, in its 38th meeting here on Wednesday, voted for uniform rate of 28% on lotteries across the country. Despite pressure to boost revenues amidst a shortfall, the GST Council chose not to tamper with the rates. It was decided to extend the annual date of GSTR 9 filing to January 31, 2020 and waive waive late fee for all taxpayers who have not filed GSTR1 from July 2017 to November 2019.
-The finance ministry is said to have told state governments that this is not the right time for a GST rate hike.
-Chhattisgargh minister T S Singhdeo said GST rate change proposals are unlikely to be discussed at the meeting. Prior to any tax rate changes, revenue realisation should be optimised at existing tax rates by addressing areas of revenue leakage, the minister said.
-Chaired by finance minister Nirmala Sitharaman, the GST Council meeting is being attended by Minister of State for Finance and Corporate Affairs Anurag Thakur and finance ministers of states and union territories. Senior officers from the Union government and states are also part of the meeting.
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