GST coun­cil may bring realty un­der gst

Realty Plus - - News -

GST Coun­cil will con­sider bring­ing elec­tric­ity, pe­tro­leum prod­ucts and some other items un­der the am­bit of GST in fu­ture and i in­clu­sion of these can hap­pen with­out amend­ing the Con­sti­tu­tion, ac­cord­ing to Bi­har Fi­nance Min­is­ter Sushilmodi. Speak­ing at the re­cent an­nual meet of in­dus­try cham­ber FICCI, this month, he said that elec­tric­ity, real es­tate, stamp duty and pe­tro­leum prod­ucts should be­come part of GST (Goods and Ser­vices Tax) how­ever it would be dif­fi­cult to spec­ify any time­line for this to hap­pen. , he said.

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