https://www.taxtmi.com/news?id=17091 Inclusion of land, real estate and electricity within the GST framework is recommended to reduce black money by enabling the flow of input tax credit and improving transparency; states may retain stamp duty while sales of immovable property would be subsumed into GST to allow credit flow. Bringing power into GST is urged to make electricity more competitive through input credit; this policy is presented alongside a preference for a simple, low-rate GST structure as a complement to anti-black money efforts and to address high-risk informal transactions in realty and power. en-us Thu, 15 Dec 2016 18:57:30 +0530 Thu, 15 Dec 2016 18:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17091 Inclusion of land, real estate and electricity within the GST framework is recommended to reduce black money by enabling the flow of input tax credit and improving transparency; states may retain stamp duty while sales of immovable property would be subsumed into GST to allow credit flow. Bringing power into GST is urged to make electricity more competitive through input credit; this policy is presented alongside a preference for a simple, low-rate GST structure as a complement to anti-black money efforts and to address high-risk informal transactions in realty and power. News - Thu, 15 Dec 2016 18:57:30 +0530 https://www.taxtmi.com/news?id=17091