The recently approved GST reform bringing a two-tier structure of 5% and 18% from September 22 is a welcome stride towards simplifying taxation in India. For the AEC/O industry, the cut in GST on cement from 28% to 18% and reductions on other key construction materials are crucial.
Such measures will help moderate construction costs, easing pressure on real estate developers and encouraging sustainable infrastructure growth. We with our digital solutions for construction lifecycle management, sees this as a positive momentum that aligns with the broader industry push for cost efficiency and productivity gains. Additionally, lower GST on consumer electronics will aid wider adoption of technology on construction sites.
These reforms are timely to help increase demand and investment in India’s growing infrastructure sector, supporting our vision of enabling smarter, more efficient construction through digital transformation.”