FM: COUN­CIL TO DIS­CUSS IF REAL ES­TATE SHOULD BE UN­DER GST

Hindustan Times (Delhi) - - FRONT PAGE - Press Trust of In­dia let­ters@hin­dus­tan­times.com FULL RE­PORT BOOK II

WASH­ING­TON: Iden­ti­fy­ing real es­tate as the one sec­tor where the high­est amount of tax eva­sion takes place, fi­nance min­is­ter Arun Jait­ley on Wed­nes­day said there was a strong case to bring it un­der the am­bit of the goods and ser­vices tax (GST).

The mat­ter will be dis­cussed in the next meet­ing of the GST Coun­cil, which will be held on Novem­ber 9 in Guwa­hati, Jait­ley said, while de­liv­er­ing a lec­ture at 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, while de­liv­er­ing t he An­nual Mahin­dra Lec­ture on In­dia’s tax re­forms.

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