GST Reforms, Sept. 4 -- The GST Council on Wednesday made a slew of important announcements, slashing rates of items keeping in mind benefits for common man.

In an early festive cheer for the middle class, Finance Minister Nirmala Sitharaman announced the reduction of GST rates in everyday items. The new GST rates are expected to benefit new homebuyers as well, with the FM slashing GST rate on cement from 28% to 18%. The GST on granite and marble has gone down from 12% to 5%.

According to industry experts, the GST reform on cement, granite and marble GST slab is a boost for the real estate sector. The move is also expected to increase consumption.

According to Anuj Puri, Chairman at Anarock Group, the GST rate reduction on cement can r...