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M-Kube Knowledge Center

28-Jul-2022
TAX
Goods and Service Tax (GST) :

GST stands for Goods and Services Tax. It is an Indirect tax which introduced to replace a host of other Indirect taxes such as value-added tax (VAT), service tax, purchase tax, excise duty, and so on. GST is levied on the supply of certain goods and services in India. It is one tax that is applicable all over India.

GST on Construction Products:

    S.No           Material    G.S.T Percentage
     01   Cement          28%
     02   TMT Steel         18%
     03    Red Brick          5%
     04    Fly Ash Brick         12%
     05    Blue metal, M-Sand             5%
     06    Solid Blocks / Concrete Blocks         12%
     07    AAC Blocks         12%

 

 

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