GST on marble, travertine, and granite blocks has been reduced to 5% effective 22nd September 2025, lowering input costs for suppliers, improving cash flow, and making construction materials more affordable.
OEMs can now claim GST refunds for unutilized Input Tax Credit (ITC) caused by an Inverted Duty Structure (IDS). This helps manage cash flow for OEMs.
A recent GST rate reduction on man-made fibers and yarns to 5% aims to correct a long-standing inverted duty structure. However, certain sectors like geotextiles and agro-textiles may still face challenges.
