(ET)
A team of officials working with India’s Goods and Services Tax Council will decide cutting rates for cement on February 18, the chairperson of the Central Board of Indirect Taxes and Customs said. “GST Council to meet on February 18. Fitment Committee will meet to decide on rate reduction on cement as announced by Finance Minister. Currently, there is 28 per cent GST on cement,” Vivek Johri, CBIC Chairman said. Finance minister Nirmala Sitharaman recently indicated that industry’s demand for trimming the 28% goods and services tax levy on cement, a key input for the infrastructure sector, could be taken to the fitment panel under the GST Council.
