Stamp duty on property likely to come under GST

As the realty hopes to get under the ambit of Goods and Services Tax (GST), stamp duty on property before registration might come under GST regime. This was revealed, on Tuesday, two days ahead of the last GST Council meeting before the Union Budget. "Discussion of real estate inclusion in GST is the key agenda of the GST Council, which is scheduled to meet on January 18th," a senior government official privy to the deliberations told ANI. States like Delhi and Jammu Kashmir are very keen to bring the real estate sector under GST. In November, Finance Ministry officials chaired a meeting with real estate developers on the proposal to levy GST on properties owned by private developers. Union Finance Minister Arun Jaitley earlier said that there is a strong case to bring real estate into the GST and that some of the states have been pressing for it.