New Delhi: The GST rate reduction on cement will not only support domestic manufacturers but also accelerate the pace of infrastructure development and catalyse industrial expansion in India, industry ...

New Delhi, May 28 (PTI) The government has missed out on an opportunity to spur growth of the struggling cement and housing segment by putting the commodity at the highest tax slab of 28 per cent ...

A GST rate cut on cement from 28% to 18% could cost the exchequer about ₹ 13,000 crore annually. With 2019 Lok Sabha elections approaching, the government is keen that any tax revenue forgone for the ...

The retention of the cement in the 28 per cent GST bracket, along with luxury items such as washing machines and air conditioners, is quite unfortunate, CMA President Shailendra Chouksey said. "This ...

Finance Minister Nirmala Sitharaman announced significant GST rate cuts following the 56th GST Council meeting, implementing a two-tier structure of 5% and 18% effective September 22. The rate ...

Currently, there is no mechanism to track whether the Input Tax Credit (ITC) on such discounts has been reversed or not. Till the time a functionality is made available on the common portal to enable ...

New Delhi: Demand in the cement sector is likely to pick up from the second half of this fiscal on account of benefits under GST and increased government spending on infrastructure, according to ...

GST was an opportunity to provide relief to the industry but has been missed," CMA president Shailendra Chouksey told PTI. While the industry is ailing, a lower tax rate on cement would have reduced ...