<h1>India Considers Bringing Real Estate Under GST to Curb Tax Evasion; Discussion Set for November 9 Meeting.</h1> The Indian government plans to discuss incorporating real estate into the Goods and Services Tax (GST) framework during the GST Council meeting on November 9 in Guwahati. Finance Minister Arun Jaitley highlighted real estate as a major sector for tax evasion and cash generation. The proposal aims to simplify taxation for consumers by imposing a single tax, potentially reducing the shadow economy. Currently, a 12% GST applies to construction, excluding land and immovable property. Jaitley also defended demonetization as a necessary reform for increasing tax compliance and expanding the tax base, despite initial challenges. The Indian real estate market is projected to reach USD 180 billion by 2020.