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All, Any thoughts on how the GST is expected to impact the basic construction materials such as cement, steel, bricks etc.

Please share your thoughts. I am interested in how the final price will be after the GST tax compared to what it was before GST.

Thx,
Vishnu

At the high level, Cement will be down by 1% and Steel will go up by 8%.

Wherever service tax component is there, it will go up from 14.5% to 18%.

Cost of ready made Furniture is down by 17%.

Interior work is considered under 'Luxury' Segment and hence the Tax rate is 28% from the earlier 14.5%.

With GST, the Entry tax of 5% for the petroleum products is removed in Karnataka.
We need to see how this will be passed on to the end users by the service providers.