GST for stamp duty on property likely: sources

ANI  |  New Delhi [India] 

on property before registration might come under the ambit of the Goods and Services regime, sources have disclosed.

This was revealed on Tuesday, two days ahead of the last meeting before the Union Budget.

"Discussion of in GST is the key agenda of the which is scheduled to meet on January 18th," a senior privy to the deliberations told ANI.

He, however, added that the may discuss the proposal seriously, but a final decision could take more time.

States like and are very keen to bring the under GST.

In November, officials chaired a meeting with on the proposal to levy GST on properties owned by private developers.

The senior said over a dozen issues are on the agenda for the January 18 meeting.

The added that the is likely to give nod to rationalisation of rates on five - six items. These items are related to equipments which are used in agriculture.

Amendments in GST laws is also on the agenda.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 16 2018. 17:20 IST