Pavitra Shankar, Executive Director, Brigade Group

29 Jan 2021 CW Team

The government could re-look at some of the GST framework specifically with regard to the GST rate being taxed on cement which is today at 28%. Cement is taxed the same as a luxury good while it is a basic input cost in any kind of infrastructure or development.

[The government should also consider] the reinstatement of the tax credit that used to be available to developers, by not having this anymore the pricing inefficiencies have sort of passed on to the customer and in general, it would be much more in keeping with the GST principle if the reinstatement was allowed.

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