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Retention Of Cement In 28% GST Slab Unfortunate: Cement Manufacturers’ Association

The Cement Manufacturers' Association expressed disappointment over the exclusion of the product from the 200 items on which the GST Council slashed the tax rate to 18 percent from 28 percent.

The retention of cement in the 28 percent GST bracket, along with luxury items such as washing machines and air conditioners, is quite unfortunate, President Shailendra Chouksey said.

Shailendra Chouksey, President, Cement Manufacturers’ Association This is a disappointment for the entire industry as cement is integral to the government’s key schemes such as Housing for All, Swachh Bharat-related construction and building of other key infrastructure projects.

Also Read: The List Of Over 200 Items Now Taxed At Lower Rates Under GST

In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were cut to provide relief to consumers and businesses amid economic slowdown.

The top tax rate of 28 percent is now restricted to luxury and demerit goods, including cement.

Also Read: Lower GST Rates, Easier Returns And Relief For Small Businesses

. Read more on GST by BloombergQuint.