×
E-PAPER ▾

E-paper

Business

‘Govt to discuss bringing real estate under GST in November’

| | Washington:

 The issue of bringing real estate under the GST's ambit will be discussed next month, Finance Minister Arun Jaitley said on Thursday, as he acknowledged that it is the one sector where maximum amount of tax evasion and cash generation takes place.

The matter will be discussed in the next meeting of the GST Council to be held on November 9 in Guwahati, Jaitley said while delivering the 'Annual Mahindra Lecture' on India's tax reforms at the prestigious Harvard University. “The one sector in India where maximum amount of tax evasion and cash generation takes place and which is still outside the GST is real estate. Some of the states have been pressing for it. I personally believe that there is a strong case to bring real estate into the GST,” Jaitley said. The Goods and Services Tax (GST) was implemented from July 1 this year. It brings the economy under a uniform tax regime. “In the next meeting itself, we are addressing one of the problem areas or at least (having) discussion (on) it. Some states want, some do not. There are two views. Therefore, by discussion, we would try to reach one view,” he said.    

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

I am with you, Pawar tells victims of social media trolls

15 Oct 2017 | IANS | Mumbai

Coming out in support of young victims of social media trolls, Nationalist Congress Party (NCP) President Sharad Pawar on Saturday exhorted them to speak out against the wrong policies of the Government and oppose growing incidents of intolerance and fascism across India. In an unique initiative, Pawar met around 35 youngsters who have been threatened on social media and/or booked by police for speaking out their minds against the Government and...

Read More

STATE EDITIONS

View All

Three-day film festival on Kundan Shah from Oct 25

21 Oct 2017 | Staff Reporter | Bhopal

A three-day film festival based on renowned filmmaker Kundan Shah will be organised in city. The film festival is all about the movies by Kundan Shah...

Read More

Page generated in 0.3198 seconds.