+
Govt to look into cement sector plea to cut GST
Cement

Govt to look into cement sector plea to cut GST

Finance minister Nirmala Sitharaman 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.

Sitharaman, who is also the chairperson of the GST Council, said in her response that she has noted the point made by the industry. “Let us have the fitment committee look into it and then if necessary, take it to the (GST) Council," the minister said.

A fitment committee is a panel of officers that reviews rate revision proposals for the federal indirect tax body before the Council members take them up.

The suggestion comes at a time the Central government has scaled up its capital expenditure from ₹7.28 trillion in FY23 to ₹10 trillion in FY24 in the Union budget presented on 1 February.

Also Read
Kochi Metro second phase work back on track
Patna's multimodal transport hub to be ready by June 2023

Finance minister Nirmala Sitharaman 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. Sitharaman, who is also the chairperson of the GST Council, said in her response that she has noted the point made by the industry. “Let us have the fitment committee look into it and then if necessary, take it to the (GST) Council, the minister said. A fitment committee is a panel of officers that reviews rate revision proposals for the federal indirect tax body before the Council members take them up. The suggestion comes at a time the Central government has scaled up its capital expenditure from ₹7.28 trillion in FY23 to ₹10 trillion in FY24 in the Union budget presented on 1 February. Also Read Kochi Metro second phase work back on track Patna's multimodal transport hub to be ready by June 2023

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code