GST Cut On Cement Lowers Tax Burden – Will It Strengthen Demand Or Just Ease Costs In A Shaky Market?
Mumbai: Long held in the highest tax bracket, cement now shifts to a different slab. The Goods and Services Tax (GST) Council has lowered the tax rate on the key building material from 28% to 18%. The change will take effect from September 22, a date chosen to coincide with Navratri, a festival that sees…