GST: Will cement, paints see rate cut?

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The GST Council may look at reducing the Goods and Services Tax on cement and paints to 18 per cent from 28 per cent after July, a Cogencis report said quoting a senior government official.

Cement manufacturers have been pushing for a cut in the GST rate, arguing that it is a key raw material for the infrastructure sector.

The council may also look at cutting the tax rate on some white goods and automobile parts manufactured in the small scale sector.

source:https://www.thehindubusinessline.com/markets/stock-markets/gst-will-cement-paints-see-rate-cut/article23762837.ece

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