High GST on cement is a missed opportunity to spur growth: CMA

The government has missed out on an opportunity to spur growth of the struggling cement and housing segment by putting the commodity at the highest tax slab of 28 per cent under GST , according to industry body CMA . The Cement Manufacturers Association (CMA) also lamented that tax incidence on cement in India, which is the highest in Asia Pacific, has affected the health of the industry that is w…