On items that are still not under the ambit of GST, such as petroleum products and real estate &mdash; it must be noted that the government has brought real estate partially under GST by imposing a 12% rate on works contracts that covers under construction projects. Ready-to-move in projects have still not been classifiedJaitley added that the GST Council will revisit the taxation on petroleum products in 1-2 years. While kerosene, naphtha and liquefied petroleum gas are under the GST ambit, the Council has left out crude oil, natural gas, aviation turbine fuel, diesel and petrol in the initial years. The finance minister added that petroleum along with potable liquor are tough issues where &ldquo;states were unwilling to leave their taxation powers.&rdquo;On real estate Jaitley echoed the views of Delhi Deputy Chief Minister Manish Sisodia to bring real estate under GST, but stated that other states were not in favour. &ldquo;It was then decided that let GST be implemented first, and then after one year we will deliberate on this again,&rdquo; he said. Agencies

GST Will Have Initial Hurdles: Jaitley

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.