India, Sept. 11 -- The Government of India issued the following news release:
The 56th meeting of the GST Council held in New Delhi under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman made recommendations relating to changes in GST tax rates, to provide relief to individuals, common man, aspirational middle class and measures for facilitation of trade in GST. The new GST rates and slabs for items related to mining sector will have a positive impact on housing industry and small-scale enterprises.
Under the new rates, Marble and travertine blocks and Granite Blocks will now attract GST rate of 5% compared to the earlier rate of 12%. This reduction in GST rates will benefit the housing sector ...