GST Council meeting today: Lease rates, refund for exporters on agenda

MUMBAI: A boost for the real estate sector, rationalisation of tax rates on lotteries, making refunds seamless for exporters — these topics are set to dominate Wednesday’s Goods and Services Tax (GST) Council meeting, according to people with knowledge of the matter and the agenda for the meeting.

The government is looking to balance revenue collections between states and the Centre besides ironing out problems faced by a few industries, the people said. The government is also contemplating a temporary cess of 2% on certain goods, especially those falling in the 5% and 18% slabs, to make up for the revenue shortfall.