Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
June 25, Monday 2018 3:10 PM       

       HEADLINES: B Sujatha Devi Passes Away                                              Fish preserved in formalin seized                                              Son brutally beats mother                                              Bid to sabotage probe against ADGP’s daughter                                              V K Rajagopal’s Sabarimala appointment cancelled                                              Violence cannot solve any problem: Modi                                              Major held for colleague's wife's murder                                              PDP never 'wavered' on agenda of alliance, says Mehbooba                                              UAE says ready to back efforts for peaceful Yemen rebel pullout                                              Musharraf says he has not quit politics                                              Constant bullying of activists unacceptable: HRCP                                              Kohli & Co. depart for Ireland, England tour                                              FIFA WC: Lukaku, Hazard braces help Belgium stun Tunisia 5-2                                              FIFA WC: Vela, Hernandez help Mexico win against S Korea 2-1                                              Amit wins gold at World Para Athletics Grand Prix                                              Kaumudi Facebook
       BUSINESS Next Article: Sensex soars 348 pts, all eyes on macro data  
       Bringing real estate under GST will be a 'disaster': Congress
 
         Posted on :11:23:23 Oct 13, 2017
   
A A
       Last edited on:13:19:05 Oct 13, 2017
         Tags: Real estate under GST will be a 'disaster':
 

NEW DELHI: With the Centre mulling to bring real estate under Goods and Services Tax (GST) ambit, the Congress Party on Friday said that the decision would prove to be a disaster.

Union Finance Minister Arun Jaitley on Thursday said that the issue of bringing real estate under the GST's ambit will be discussed in the next GST Council meeting to be held on November 9 in Guwahati.

Talking to reporters, Congress leader Raju Waghmare said, "BJP and Arun Jaitley have decided to take this country in a pothole. There is already chaos in the real estate market, so bringing real estate under GST ambit will be a disaster."

Another party leader Tom Vadakkan said that the government should take stakeholder and the Opposition into confidence before taking this decision.

"We do hope they have discussed this with the stakeholders. If discussion is held and stakeholder and Opposition are taken into confidence then that it will be very useful," he said.

While delivering the 'Annual Mahindra Lecture' on India's tax reforms at the prestigious Harvard University in Washington, Jaitley said, "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."

The GST, which brings the economy under a uniform tax regime, was implemented from July 1 this year.

A A
       BUSINESS
Next Article: Sensex soars 348 pts, all eyes on macro data
 
 
BUSINESS HEADLINES
WhatsApp updates privacy policy, terms of use ahead of payments service launch  
Infosys stable and on verge of something momentous: Nilekani  
Gold, silver prices fall on weak global cues  
FICCI awarded at X International IT Forum, Russia  
Lenovo India names Pankaj Harjai as Director-Tablets  
Adani Transmission acquires 100% equity in Ghatampur SPV  
Air India set to have 'Maharaja' class seats on international flights  
Sensex gets a buying lift, up 123 pts; RIL at new high  
Aviation Ministry committed to strategic disinvestment of Air India  
Exempted sectors should come under GST: Arvind Subramanian  
Bajaj Finserv offers pre-approved personal loan to customers  
US dollar ends cheaper against rupee  
Pradeep Parameswaran appointed Uber President- India, South Asia  
Google announces training programme for journalists  
Sensex tanks 261 pts as US-China trade spat escalates  
US dollar ends higher against rupee  
WhatsApp Payments to be rolled out soon: here is how it's different from competition  
Ayushman Bharat: Only half the states ready to launch scheme on August 15; UP Bihar & West Bengal not prepared yet  
Audi boss arrested over diesel scandal  
India, US officials to meet soon to discuss concerns of both sides: Prabhu  
Rupee dives to 3-week low at 68.01 on macro-liquidity shocks  
Gold rises on mild demand, silver surges for 8th session  
AFT directs govt to remove anomaly in HRA  
Grand Finale of Smart India Hackathon from June 18-22  
GST refund drive extended till June 16  
 
Should Yoga be made compulsory in all schools?
Yes
 
No
 
No opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy