Economic Survey pitches for bringing land, real estate under GST

By | February 1, 2017

Calling Goods and Services Tax (GST) a bold new experiment, the pre-Budget Economic Survey on Tuesday pitched for including land and other immovable property – the key source of black money creation – in the indirect tax regime to help propel GDP growth to 8-10 per cent.

“The GST will create a common Indian market, improve tax compliance and governance, and boost investment and growth; it is also a bold new experiment in the governance of India’s cooperative federalism,” the Survey said.

Source: Economic Times