New Delhi: Union Finance Minister ArunJaitley has said that the government is poised to take a call on including real estate in the Goods and Services Tax regime.
The GST Council is set to take up the topic of bringing real estate services under GST's ambit next month, Jaitley said. He went on to acknowledged that real estate is one sector with highest amount of tax evasion and cash generation occurs.
Delivering the 'Annual Mahindra Lecture' on India's tax reforms at the prestigious Harvard University, Jaitley said that the matter will be discussed when the GST Council meets for its next meeting scheduled on November 9 in Guwahati.