Aditya Birla group firm Ultratech Cement has reduced prices of its products by 2-3 percent, extending benefits of tax reduction under the Goods and Service Tax (GST) regime. The company has started supply of batches on new rates from July 1 from its warehouses, when the new tax structure came into force.
Cement has been taxed at 28 percent under the GST as compared to 30 to 31 percent in the previous system of taxation. Though, the reduction in prices would vary from state to state.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies strength, reliability and innovation.