Will The Tax Rates Of Cement Be Reduced?

the GST Council is worried that a rate cut would lead to a dramatic drop in revenue.

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the GST Council may decide to ease restrictions on the automobile industry and millet-based products.

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Please be advised that the GST Council's 49th meeting will take place in Delhi on February 18th

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lowering GST prices on cement is unlikely to happen anytime soon.

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Massive losses may result if the GST rate on cement is lowered from 28% to 18%.

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Some estimates put the potential annual loss in revenue at around Rs 16,000 crore due to the reduction of GST rates on cement.

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As a result of the fear of such a catastrophic loss, international cooperation suffers in this scenario.

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