Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

GST in Real Estate: Is one sector, one tax possible?

Duration: 00:57s - Published: < > Embed
News video: GST in Real Estate: Is one sector, one tax possible?

New Delhi, Nov 06 (ANI): After taking the entire nation by storm, GST has triggered another hot debate to decide the possibility of GST in Real Estate sector.

The sector is expected to feature in the November 9, 2017 GST meet with government hinting that the sector can be considered to be brought under the tax structure.

The big question of the debate is whether all central, state and local taxes on real estate can be subsumed into GST.

The finance minister has implied that it can be considered.

Implemented efficiently and effectively, one GST for real estate across the country is the way to go.

How the states will agree to this and what changes need to be made to compensate them for loss of revenue remain subjects of debate.

However, this is seen as a more transparent way of taxation which will benefit both the industry and the consumer..

Share on
Share on
Post on 
Share by

Watch More

Source: CLiP< > Embed

Facebook's IRL Community

Facebook announced plans for a new real-life community, and Natasha Leggero, Moshe Kasher and Emily Fleming are excited to move in.

Recent related news

Further pruning of rates possible: GST Council member

Sarma, one of the members of the GST Council, also said the deliberations on tax rates relating to...
IndiaTimes - Business

GST and real estate: Govt needs to address grey areas, disputes and litigations; take feedback from realtors, say experts

Experts said, while the intention of GST was good, its implementation and rates led to more confusion...
Firstpost - India

6 % GST for housing sector is a win-win situation for the industry: Naredco Chairman

[India], Nov 21 (ANI): National Real Estate Development Council (Naredco) Chairman Rajeev Talwar on...
Sify - Business

GST, note-ban have lowered cities' real estate ranking: Report

Implementation of the goods and services tax (GST) and the last years note-ban have not only created...
Deccan Herald - Business

NAREDCO, Finance Ministry officials meeting over GST on property underway

[India], Nov 21 (ANI): Officials from the Ministry of Finance are currently chairing a meeting with...
Sify - Business

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+