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News Indian prime minister aiming to reduce tax on cement

Indian prime minister aiming to reduce tax on cement

Written by Global Cement staff 20 December 2018
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India: Prime Minister Narendra Modi says he wants to reduce the rate of the Goods and Services Tax (GST) on regular items, including cement, to 18% from 28%. A proposal to reduce the rate will be considered by the GST Council in late December 2018, according to the Economic Times. Luxury items are likely to remain in the higher tax bracket.

Last modified on 02 January 2019
Published in Global Cement News
Tagged under
  • India
  • Government
  • Tax
  • GCW385

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