GST Rate Cut on Cement and Construction Materials
Sector: Residential • Location: India
Source: Fortune India
The GST Council has reduced the GST rates on cement from 28% to 18% and on other construction materials like sand and bricks from 12% to 5%. This measure aims to lower project costs, improve developers' margins, and boost demand, particularly in the affordable and mid-income housing segments, while supporting infrastructure growth.
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
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
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The GST Council has reduced the GST rates on cement from 28% to 18% and on other construction materials like sand and bricks from 12% to 5%. This measure aims to lower project costs, improve developers' margins, and boost demand, particularly in the affordable and mid-income housing segments, while supporting infrastructure growth. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
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 |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |