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Govt to discuss bringing real estate under GST in Nov

Goods and Services Tax - GST - Dated:- 12-10-2017 - Washington, Oct 12 (PTI) The issue of bringing real estate under the GST's ambit will be discussed next month, Finance Minister Arun Jaitley said today, as he acknowledged that it is the one sec .....

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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 .....

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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. The move would benefit the consumers who will o .....

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sing people to enter the tax net may also help reduce the size of shadow economy . A 12 per cent GST is levied on construction of a complex, building, civil structure or intended for sale to a buyer, wholly or partly. However, land and other immovabl .....

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gitised transactions; it brought the issue to the centerstage. It expanded the individual tax base. It compressed the cash currency by three per cent which was operating in the market. Those objectives are for the long-term. No doubt there are short- .....

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se. Frankly, over the last several decades, serious efforts, real efforts to expand this base had not been made. You had marginal efforts, he said, adding that systematic efforts to challenge the shadow economy were made only recently. In the last fe .....

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