Before the general budget to be held in February, Modi Government is going to hold the GST Council meeting on January 18th. The important decision will be taken at the meeting held a few days before the budget. The meeting, which will be held in New Year, can be decided on the important intention of bringing petrol and diesel under GST. GST Council is considering the introduction of petrol and diesel in GST due to the increase in petrol and diesel prices.
If the actual petrol and diesel prices are brought under GST, the common man will be more happy. Oil Minister Dharmendra Pradhan, including Union Finance Minister Arun Jaitley, has also been asked to include petrol and diesel in GST. Petrol and diesel prices have increased once again. In Delhi, diesel has crossed Rs 60. Once again, the petrol 80 is going to cross the surface. However, in the country's financial capital Mumbai, petrol is priced at Rs 77 a liter.
The meeting that will be held before the budget has to be seen whether the council gives a big gift before the budget or is waiting for a budget for a bigger announcement.
The possibility of getting involved in real estate sector in GST
84px; line-height: inherit; font-family: Cantarell; vertical-align: baseline; color: rgb(68, 68, 68); background-color: rgb(255, 255, 255);">In the meeting held on January 18, the decision to take the real estate sector under GST can be taken. It may be mentioned here that Union Finance Minister Arun Jaitley has indicated that the real estate sector will be covered in GST.
The possibility of a reduction in the tax slab
The announcement to reduce the tax slab of GST can also be done at the meeting. Earlier, other central leaders, including Arun Jaitley, have said that recent tax slabs of GST can be reduced. In this case, GST Council can announce the decline in GST tax slab.