GST 2.0: Cement prices set to be cheaper by ₹25-30 a bag

Cement prices in Mumbai are expected to decrease by ₹25-30 per bag. This follows a reduction in GST rates on cement from 28% to 18%. Companies are likely to roll back recent price hikes to pass on the tax benefits to consumers. Analysts believe that lower prices may not immediately boost demand due to cement’s inelastic nature.

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