Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
December 13, Wednesday 2017 4:42 PM       

       HEADLINES: Car rams Metro Rail pillar, Three die                                              Pattoor land deal: Jacob Thomas will be summoned                                              Defence counsel wants Central Agency to probe Jisha murder case                                              SC rebukes UP govt over construction of shelter houses for homeless                                              PM Modi to commission naval submarine INS Kalvari tomorrow                                              Hope no Kejriwal will emerge from my movement again: Anna                                              Rohingya return deal bad for refugees, says HRW                                              Indian girl drowns in Australia, family request PM to bring body back                                              Kim Jong-un can control weather: N Koreans                                              Quake hits Iran's southeastern province                                              BCCI appoints chief operating officer for NCA                                              Cricket fraternity pours in wishes on Yuvraj's 36th birthday                                              Maradona skips charity match, spends time with kids                                              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
Retail inflation in Nov sees uptick to 4.88%  
Vodafone, Aviva Life Insurance offer mobility plan 'RED Protect'  
Airtel launches 4G services in Ladakh region  
Increase social security pension in budget: Experts to FM  
Sensex zooms 195 pts on strong global cues  
Air India seeks Rs. 1,100 cr loan to modify planes for VVIPs  
More participation of private enterprises needed in Aerospace sector  
ASSOCHAM calls for greater attention to agri sector  
Consumers yet to see reduced MRP stickers post GST rate cut  
Top 5 Fintech companies to look out for in 2018  
Govt hints at reviewing rates in top GST bracket  
Sensex soars 301 pts, reclaims 33,000-mark  
Sensex surges 246 pts, Nifty above 10,200  
'Korean companies keen on investing in Andhra Pradesh'  
Sensex rebounds 149 points in early trade  
RBI leaves key rate unchanged; retains growth forecast at 6.7%  
Food security, farmers' subsidy top priority in WTO meeting: Suresh Prabhu  
Top Indian startups on hiring spree: Report  
Bitcoin rally: RBI again warns users of risks  
Gadkari orders to release Rs 381 crore for Polavaram Hydro Project  
Sensex ends lower ahead of RBI policy call  
Gold futures fall by Rs 198 on profit-booking, global cues  
Sensex breaks 4-day fall on value buying  
Patanjali to invest in Uttar Pradesh  
Nissan prods India for Rs. 4968 cr in redress over broken tax-break promise  
 
Does Jisha murder case convict Ameerul Islam deserve death sentence?
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