GST Council Reduction of GST on Cement and Construction Materials
Sector: Residential • Location: India
Source: ET Infra
The GST Council reduced the GST rate on cement from 28% to 18%, and lowered GST rates on marble, travertine blocks, granite blocks, sand-lime bricks, and stone inlay work from 12% to 5%. This move is expected to lower construction costs for residential and commercial projects, benefiting developers and homebuyers by reducing project costs and improving affordability.
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Participants
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Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The GST Council reduced the GST rate on cement from 28% to 18%, and lowered GST rates on marble, travertine blocks, granite blocks, sand-lime bricks, and stone inlay work from 12% to 5%. This move is expected to lower construction costs for residential and commercial projects, benefiting developers and homebuyers by reducing project costs and improving affordability. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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