Finance Minister Arun Jaitley has said, GST Council will discuss bringing real estate under its ambit. Delivering a lecture on India's tax reforms at Harvard University in Boston today, Mr Jaitley said, real estate sector in India is one sector, where maximum amount of tax evasion and cash generation takes place and which is still outside the GST. He said, the matter will be discussed in the next meeting of the GST, which will be held on 9th November, in Guwahati. <br/><br/>AIR correspondent reports that the Finance Minister Arun Jaitley said, the move will benefit the consumers who will only have to pay one final tax on the whole product. Interacting with students at the University, Mr Jaitley said, Indian government is working on a plan to rebuild the capacity of the banking sector so that it could support growth. He said that reforming the banking system is the top agenda of the government. <br/><br/>Finance Minister is on a week-long stay in the US, during which he will participate in annual meetings of the International Monetary Fund and the World Bank.
News On AIR | October 12, 2017 4:53 PM
Finance Minister Arun Jaitley says, GST Council will discuss bringing real estate in its ambit