After just a day of relief, cement buyers in Himachal Pradesh have been hit by a price hike. A day after cement prices in the state dropped by Rs 35-40 per bag following the Centre’s recent Goods and Services Tax (GST) rate cut, the State Taxes and Excise Department amended the Carriage of Certain Goods by Road (CGCR) tax, raising the levy on cement from Rs 11 to Rs 16 per bag.
The revised rates came into effect across the state on Tuesday.
“The move was aimed at covering the gap that arose after the reduction of GST on cement. Despite the Rs 5 increase, cement will still be available to customers at a lower price compared to September 22,” Harbans Singh Brascon, Special Secretary, Himachal Pradesh State Taxes and Excise Department, said.
The notification issued by the office of Rajesh