The 24th council meeting of the goods and services tax (GST) will be held on Thursday (18-01-2018) in Delhi. Reliable sources information that key decisions will be made at this meeting. The possibility that the GST will be brought to the conclusion of this meeting is the real estate news. In addition, it seems there is a reduction in tax on 80 other items.

The main agenda is to discuss the issue of bringing the real-estate under the council meeting on January 18, said "a senior government official. If the GST is brought down to Real Estate, it seems to be about 12 per cent slab. The decision will be taken into effect from April 1 next year.

In addition, there are opportunities to cut tax rates of 80 more. The government has been informed that there is a need to add essential items, home appliances, agricultural goods, cement and steel to the following slabs.

The GST, which is a key reform in the history of the country's economy, came into effect from July 1 last year. According to this, taxes are imposed on 5, 12, 18 and 28 slabs on goods and services. In the last meeting, 28 percent of the tax was cut down to several columns. At present, only 50 percent of the products are in 28 percent only.

By: Shailaja K