For govt contracting purpose buying cement how much percentage gst i get back
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Answer:
Refractory cement, mortars, concretes (mainly used for building industry furnaces, huge ovens etc.) will attract 18% tax.
Cement Bonded Particle Board will attract 12%
The main raw materials for cement are limestone, coal and electricity. The tax rates on these are as follows:impact of GST on cement
Limestone is taxed at 5%
Coal is capped at 5%,which is a reduction from the earlier rate of 11.69%
Electricity is outside the preview of GST
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Answer:
heya!!
Explanation:
it depends on what cement you buy!!
#Refractory cement, mortars, concretes (mainly used for building industry furnaces, huge ovens etc.) will attract 18% tax.
#Cement Bonded Particle Board will attract 12%
hope it helps you!!
mark as brainliest!!
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