Feb 09, 2023
Finance minister Nirmala Sitharaman on Tuesday told the
industry that suggestions for lowering the 28% goods and services tax (GST) on
cement will be looked into as a step toward easing construction costs.
The minister said this in response to a suggestion
made at a post-budget interaction organised by the Confederation of Indian
Industry (CII). The industry suggestion was that lowering GST on cement could
help both government infrastructure projects as well as projects by the private
sector and by individuals.