Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
3-min read

Delhi, Kerala Write to Arun Jaitley to Defer Wednesday's GST Meeting

In a letter to Union Finance Minister Arun Jaitley, Manish Sisodia said that such 'crucial issues' cannot be discussed through a video conference and convening a physical meeting is important to take a consolidated decision.


Updated:February 19, 2019, 11:33 PM IST
Delhi, Kerala Write to Arun Jaitley to Defer Wednesday's GST Meeting
File photo of Finance Minister Arun Jaitley.

New Delhi: Kerala and AAP-ruled Delhi on Tuesday demanded deferment the GST Council meeting scheduled for February 20, saying a decision on "crucial issues" of GST rates on real estate sector and lottery should not be taken through a video conference meet.

The Finance Ministry, however, issued a media advisory stating that the 33rd GST Council meeting would be held on February 20.

In a letter to Union Finance Minister Arun Jaitley, Delhi Deputy Chief Minister Manish Sisodia said that such "crucial issues" cannot be discussed through a video conference and convening a physical meeting is important to take a consolidated decision.

Kerala Finance Minister Thomas Isaac too said that decision on important issue of GST on lottery cannot taken without a fair discussion and the lottery being included in Council agenda only a day before the meeting is unfair.

"I will walk out of the Council meeting if any decision is taken on lottery. Also I will henceforth not attend any Council meetings till the elections are over. This is not cooperative federalism," Isaac told PTI.

The Council meeting is scheduled to be held via video conference with Union Finance Minister joining from North Block, while state finance ministers connecting from their respective states.

Rationalisation of rates of Goods and Services Tax (GST) on real estate and lottery are on the agenda of the Council meet.

Sisodia in his letter said: "I would, therefore, request to kindly postpone the proposed 33rd meeting through video-conference and call for a physical meeting at an appropriate date".

Isaac, further, said that discussions on serious issues cannot take place through video conference and stressed that it was unfair for the Group of Ministers (GoM) on lottery to meet when two senior ministers were not able to attend it.

"Meeting though video conference should be held only when some urgent matter has to be decided. This is being done to avoid collective response. We will protest tomorrow," Issac said.

The eight-member GoM, under Maharashtra Finance Minister Sudhir Mungantiwar, set up to look into the taxation of lottery in a meeting favoured a uniform GST rate of either 18 per cent or 28 per cent, but left it to the GST Council to take a final call.

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

The other members of the committee are West Bengal Finance Minister Amit Mitra, Kerala Finance Minister Thomas Isaac, Assam Finance Minister Himanta Biswa Sarma, Punjab Finance Minister Manpreet Singh Badal, Goa Panchayat Minister Mauvin Godinho, Karnataka Finance Minister Krishna Byre Gowda, Arunachal Tax and Excise Minister Jarkar Gamlin.

While Isaac had sought deferment of the GoM meeting on medical ground, Badal was not present as he had to present the state budget in Punjab Assembly

Besides, tax officers from West Bengal flagged the issue of rate rationalisation in the light of the general election slated to be held by May.

However, states, like Maharashtra and Assam, favoured a uniform GST rate.

The GoM favoured hiking GST rate on the state-organised lottery to either 18 per cent or 28 per cent. While the GST rate on state-authorised lottery would be retained at 28 per cent or brought down to 18 per cent.

"When you reduce GST rate on lottery the only person to gain is lottery mafia. There is some corruption involved," Isaac said.

With regard to real estate sector, a state ministerial panel on GST rates for real estate sector had earlier this month suggested cutting GST on under-construction residential properties to 5 per cent without ITC, from 12 per cent currently. On affordable housing segment, it suggested that GST be slashed to 3 per cent, from 8 per cent.

Currently, GST is levied at 12 per cent with input tax credit (ITC) on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Ahona Sengupta
Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
HDFC 2,049.30 3.78
Maruti Suzuki 6,591.95 10.39
ICICI Bank 417.50 7.99
HDFC Bank 1,199.60 8.95
Reliance 1,254.35 6.39
Company Price Change %Gain
Astral Poly Tec 1,213.70 5.25
HDFC 2,052.10 3.92
SBI Life Insura 815.85 1.73
Zee Entertain 301.10 -2.49
Maruti Suzuki 6,585.25 10.89
Top Gainers
Company Price Change %Gain
Eicher Motors 17,860.20 13.38
Hero Motocorp 2,862.90 13.06
IndusInd Bank 1,419.60 10.71
UltraTechCement 4,269.65 10.43
Maruti Suzuki 6,591.95 10.39
Company Price Change %Gain
Hero Motocorp 2,866.50 13.19
Maruti Suzuki 6,585.25 10.89
IndusInd Bank 1,419.60 10.74
Bajaj Finance 3,705.60 10.19
SBI 301.70 10.09
Top Losers
Company Price Change %Gain
Power Grid Corp 196.20 -2.46
Zee Entertain 301.40 -2.41
Infosys 805.00 -1.91
TCS 2,065.45 -1.74
NTPC 119.85 -1.52
Company Price Change %Gain
Power Grid Corp 196.35 -2.39
Infosys 805.10 -1.94
TCS 2,065.60 -1.74
NTPC 119.90 -1.52

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results