Cement News tagged under: GST

RSS feed

India cement GST cut on the agenda

13 February 2019, Published under Cement News

India’s General Sales Tax (GST) Council will consider a proposal to slash the tax on cement from 28 to 18 per cent at its meeting on 20 February, along with a ministerial panel report that proposes a reduction in rates in under-construction properties, including affordable homes, according to Indian newspaper The Telegraph. However, the reduction of GST for cement to 18 per cent will represent a loss of INR130bn annually to the government. The Narendra Modi-led government wants the GST re...