Impact of GST Rate on Cement Industry in India

GST impact on cement industry

The Goods and Services Tax (GST) is an indirect tax that is levied on taxable supplies of goods and services. The Indian government officially implemented the GST system on 1st July 2017 on the supplies made in and out of the country. The cement industry is an important backbone of the country’s economy. The implementation of GST which was expected to bring joy to the cement industry in fact brought not much in terms of benefits. Let’s find out how GST impacts the cement industry and the sale, demand and prices of cement. Read More