GST Rate Reduction on Construction Materials
Sector: Residential • Location: India
Source: The Hindu
The GST Council has rationalised tax rates on construction materials, reducing GST on cement by 10 percentage points and on marble, granite, and related inputs. This is expected to reduce overall construction costs by 3.5-4.5%, improve developer margins, and potentially enhance housing affordability.
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Status
Original status | planned |
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Taiyo last update | 00-00-0000 |
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Description
Description | The GST Council has rationalised tax rates on construction materials, reducing GST on cement by 10 percentage points and on marble, granite, and related inputs. This is expected to reduce overall construction costs by 3.5-4.5%, improve developer margins, and potentially enhance housing affordability. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Data quality score | 100% |
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