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 Taxation |
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May bring electricity, petroleum, realty under GST, target is to reduce tax slabs: Sushil Modi
15-Dec-2017
The GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said. While speaking at the annual meet of industry chamber FICCI, Sushil Modi said, “Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour,” adding that the council may also bring down 28% tax rate.
News Source:- http://www.financialexpress.com/economy/may-bring-electricity-petroleum-realty-under-gst-target-is-to-reduce-tax-slabs-sushil-modi/974316/
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