GST council may bring petrol, realty under GST in future

GST council may bring petrol, realty under GST in future
Dec 2017 , by , in Latest News

All powerful 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 here.

“Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour,” he said at the annual meet of industry chamber Ficci.

He, however, said it would be difficult to specify any timeline for this to happen.  Inclusion of these can happen without amending the Constitution, he said.

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