Connect with us


Bring In Real Estate Into GST Ambit: Sisodia At PHD Chamber


Deputy Chief Minister, Government of NCT of Delhi, Mr. Manish Sisodia on Friday emphasized that the intended success of GST would be conclusive and objective the day it becomes a single tax reality until that happens, it will continue to be subjected to criticism.

The Deputy Chief Minister also pitched for reduction in the 28 per cent slab of GST, arguing that the lower the tax rate, the higher is the compliance which the Delhi Government proved by reducing VAT on number of items from 12.5 per cent to 5 per cent in pre GST era as a result the size of its Budget fattened to Rs.48,000 crore in the last fiscal from Rs.31,000 crore way back in 2014-15.

Participating in a National Conclave on “GST – Growing Stronger Together” under aegis of PHD Chamber of Commerce and Industry here today, Mr. Sisodia not only insisted on reduction of 28 per cent GST slab but also demanded that the real estate should also be brought into GST ambit.

This would not only attack corruption on construction sector but also arrest generation of black money in the real estate sector and assured the industry that he would as representative of Delhi Government continue to demand at GST Council Meeting for bringing in real estate sector into GST purview.

“So long as multiple rates exists in GST and until one product one tax theory materializes and single rate evade GST, its objectivity and conclusiveness would continue to be subjected to questions and criticism”, the Dy. Chief Minister concluded.


Among others who were present on the occasion comprised National Secretary General, Confederation of All India Traders (CAIT), Mr. Praveen Khandelwal; President, PHD Chamber, Mr. Anil Khaitan its former President, Mr. Alok B Shriram including Chairman and Co-Chairman, Indirect Taxes Committee, PHD Chamber, Mr. Bimal Jain and Mr. N K Gupta; Chairman, Rajasthan State of the Chamber, Dr. Shruti Nada Poddar and its Director, Mr. Abhi Narayan Mishra.

Latest News

News1 day ago

The real estate sector reacted cautiously to the Union Budget 2023. Here are the excerpts from a cross section of industry stalwarts

Harsh Vardhan Patodia, President, CREDAI National “Through the Union budget 23 – 24, the Government continues to focus on the empowerment...

News1 day ago

Affordable housing gets push in Budget 

New Delhi, Feb 1, 2023:  Union finance minister Nirmala Sitharaman on Wednesday announced an outlay of ₹79,000 crore, an increase of...

Events2 days ago

Art competition at Spectrum Metro 

Noida: Spectrum Metro, in collaboration with Motherhood Women’s and Children’s Hospital, organised a drawing and painting competition on January 26,...

News2 days ago

Housing prices start moving up post Covid, buoyant real estate along with construction activities create jobs, says Economic Survey

New Delhi: The Economic Survey tabled in the Parliament on Tuesday, said that housing prices have started firming up after...

News2 days ago

Andhra Pradesh Kicks-Off Global Investors’ Summit 2023 with Diplomatic Meet: Over 40 Nations Participate, Among Business Delegations & Captains of the Industry

New Delhi, January 31, 2023: The Curtain Raiser to the Andhra Pradesh Global Investors’ Summit 2023, started on Tuesday with...

News2 days ago

Pacific D21 Mall, Dwarka, hosts Tekken India’s Delhi Iron Fist Tournament 2023

New Delhi: Pacific D21 Mall, Dwarka, hosted gaming tournament, Tekken India’s Delhi IronFist 2, on January 28-29, 2023. The event...