Arun Jaitley has said the matter of bringing real estate under GST will be discussed in the following GST council meet
The problems of bringingreal estate below the GST range can be discussed in the following month, Finance Minister Arun Jaitley said, also he mentioned that it is the only zone wherein maximum amount of tax evasion and cash generation takes area. The topic will be discussed at the subsequent meeting of the GST Council to be held on November 9 in Guwahati, Jaitley said even as turning in the 'Annual Mahindra Lecture' on India's tax reforms at the prestigious Harvard University. " The one sector in India where the 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. GST (Good and ServiceTax) was executed in India from July 1st, and it brings the nation's economy under a uniform tax system. " In the next meeting itself, we are addr...