India: The Goods and Services Tax Council will review the current imposition of a 28% goods and services tax on cement on 11 July 2023. The Telegraph newspaper has reported that the council is expected to recommend a reduction in the tax rate to the 18% band. Parliament’s Group of Ministers on Rate Rationalisation will then consider the recommendation.
Indian Goods and Services Tax Council to consider lowering tax on cement sales
URL: https://globalcement.com/news/item/15897-indian-goods-and-services-tax-council-to-consider-lowering-tax-on-cement-sales
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