India: Prime Minister Narendra Modi says he wants to reduce the rate of the Goods and Services Tax (GST) on regular items, including cement, to 18% from 28%. A proposal to reduce the rate will be considered by the GST Council in late December 2018, according to the Economic Times. Luxury items are likely to remain in the higher tax bracket.
Indian prime minister aiming to reduce tax on cement
URL: https://www.globalcement.com/news/item/8518-indian-prime-minister-aiming-to-reduce-tax-on-cement
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