Cement Firms Accused of Pocketing GST Benefit

The government reduced the tax on cement, expecting lower prices for consumers.

However, cement companies only lowered prices slightly, keeping most of the tax cut.

A report found that prices dropped by only a small amount.

Before the tax cut, some companies had raised prices.

This meant they could keep more of the tax savings.

The report suggests companies might try to raise prices again after Diwali.