Post the GST snub, in what direction is cement sector heading? Once hailed as a wealth-creator, does the sector still have what it takes to make investors rich?
Good and Service Tax (GST) is the flavour of the season. While most of the sectors are excited about the bright prospects of GST, cement sector has little to celebrate as it has been placed in the highest tax bracket of 28%. In the existing tax scheme, the sector was paying far less tax than what it will have to pay once GST is enforced. The investors might ask--as a natural reaction, would the stocks of this sector take a plunge? Not really.
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