HYDERABAD: Telangana opposed inclusion of real estate sector, petroleum products into the gambit of Goods and Services Tax (GST). Participating in the GST empowerment committee meeting at New Delhi, state finance minister Etala Rajender ruled out giving away these 'cash cows' to the Centre. "Telangana earns over ₹3,000 crore through stamp duty and registration fee every year. The government rate at which the stamp duty is paid by realtors varies considerably with the market value for which actual transactions takes place. State demanded exclusion of value added tax collection while calculating annual growth rate.

Source: Times of India December 15, 2017 04:07 UTC