LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

GST on recycled construction waste products to be reduced to 5 per cent

In a bid to promote reuse of debris generated by the construction industry, the government will soon reduce the Goods and Services Tax (GST) on products made from recycled demolition waste to five per cent.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
GST on recycled construction waste products to be reduced to 5 per cent
Currently, the recycled products - such as concrete blocks or bricks for masonry made from construction and demolition (C&D) waste - attracts GST of 18 per cent. Image Source: Reuters
Written By: IANS
Updated: Wed, Dec 19, 2018
11:53 am
New Delhi, IANS
RELATED NEWS
#GSTMakeItEasy: Zee Business Continues to raise GST related problems faced by businesses; Tweet and tell your issues now! #GSTMakeItEasy: Zee Business Continues to raise GST related problems faced by businesses; Tweet and tell your issues now!
#GSTMakeItEasy – in this edition Zee Business raises issues of small business; Tweet to raise your concerns HERE! #GSTMakeItEasy – in this edition Zee Business raises issues of small business; Tweet to raise your concerns HERE!
GST compensation shortfall released to states touches Rs 1 lakh Crore GST compensation shortfall released to states touches Rs 1 lakh Crore
Facing problems with GST refunds? Check out ZeeBiz campaign for businesses - #GSTMakeItEasy Facing problems with GST refunds? Check out ZeeBiz campaign for businesses - #GSTMakeItEasy
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here

In a bid to promote reuse of debris generated by the construction industry, the government will soon reduce the Goods and Services Tax (GST) on products made from recycled demolition waste to five per cent.

Currently, the recycled products - such as concrete blocks or bricks for masonry made from construction and demolition (C&D) waste - attracts GST of 18 per cent.

"There is a need for maximum utilisation of recycled material in new construction activities to save scarce natural resources and to address the issue of disposal of construction and demolition waste," a senior Housing and Urban Affairs Ministry official told IANS.

C&D waste is the major contributor to pollution and a threat to the environment in the national capital, which generates 6,000-7,000 tonnes of debris per day. 

The CPWD, the ministry`s construction wing, of the ministry, has undertaken a drive to use the recycled waste products in architectural applications like landscaping, paving and laying roads, solar reflective terracing, sculptures, garden furniture and art works. 

Concrete blocks of recycled C&D waste possess adequate strength hence can be used as an alternative to bricks, CPWD Director General Prabhakar Singh said.

Solid waste in the country constitutes about one-third of C&D waste, hence the objective of solid waste management cannot be achieved without managing C&D waste.

C&D waste comprises building material, debris and rubble resulting from construction, renovation, repair and demolition of any civil engineering structure.

"We have approached the Finance Ministry to lower the GST rate on recycled products and it has been agreed on," the official said, adding that a notification on this is expected shortly.

At present, GST on traditional bricks is five per cent while concrete blocks prepared from waste material attracts 18 per cent, which make them costlier. The reduction of GST is expected to boost the demand of these products in construction industry.

Use of recycled waste products in construction will solve many problems, including saving of scarce natural resources like river sand, stone and soil -- besides saving on the space required for landfills.

"Since natural resources are depleting fast, it is the need of the hour to reuse waste product and byproducts for sustainability," the official said.

Watch This Zee Business Video Here:

डायलॉग ऑफ द डे : ले.ज (रि) राज कादयान, विदेशी मामलों के विशेषज्ञ#DeshKiBaat@AnilSinghviZEE @rainaswati pic.twitter.com/OL175HpTVf

— Zee Business (@ZeeBusiness) December 18, 2018

Rubble sent to landfill sites has led to the creation of mountains of such waste. Incidents of fire and landslides have occurred at such sites, leading to accidents, some of them fatal.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Goods and Services tax
RELATED NEWS
#GSTMakeItEasy: Zee Business Continues to raise GST related problems faced by businesses; Tweet and tell your issues now! #GSTMakeItEasy: Zee Business Continues to raise GST related problems faced by businesses; Tweet and tell your issues now!
#GSTMakeItEasy – in this edition Zee Business raises issues of small business; Tweet to raise your concerns HERE! #GSTMakeItEasy – in this edition Zee Business raises issues of small business; Tweet to raise your concerns HERE!
GST compensation shortfall released to states touches Rs 1 lakh Crore GST compensation shortfall released to states touches Rs 1 lakh Crore
Facing problems with GST refunds? Check out ZeeBiz campaign for businesses - #GSTMakeItEasy Facing problems with GST refunds? Check out ZeeBiz campaign for businesses - #GSTMakeItEasy
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here

LATEST NEWS

7th Pay Commission Latest News: Check out these vacancies notified by UPSC; salary up to Rs 1,77,500 plus DA and other allowances

Sovereign Gold Bond Scheme 2021: Issue Price fixed at Rs 4,662/gm

Bank Holidays March 2021: RBI says banks will remain closed on these many days next month

Covid 19 2nd phase vaccination drive from March 1: EXPLAINED! Who are eligible, required photo identity, advance self-registration—All you need to Know

Petrol, diesel prices on February 27: Fuel prices hiked again today—check rates in your cities

Maharashtra board exams for Classes 12, 10 to begin on April 23, 29

CBSE exam 2021: Class 10, 12 students should know THESE 10 points before appearing for board exams

Google fires 150 game developers hired for Stadia: Report

ISRO First Mission in 2021: Indian rocket to launch Brazilian satellite, PM Modi picture on spacecraft, space privatisation and more

Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved