Home / Business and Economy / GST Cuts Revive Housing and Handicraft Sectors
GST Cuts Revive Housing and Handicraft Sectors
11 Sep
Summary
- 5% GST rate on mining items like marble and granite
- Lower construction costs for rural low-cost housing
- Cheaper brass, copper, and aluminum handicrafts
According to a statement from the mines ministry, the recent changes to GST rates and slabs for items related to the mining sector, including marble and granite, are expected to have a positive impact on the housing industry and small-scale enterprises.
Effective September 22, 2025, products related to the mining sector will now attract a 5% GST rate instead of the previous 12%. This reduction is anticipated to benefit the housing sector, as marble and granite are widely used in the industry. The mining of these materials is primarily undertaken in the Indian states of Rajasthan, Gujarat, and Karnataka.
Furthermore, the new 5% GST rate on lime bricks or stone inlay work is expected to help lower the construction costs of low-cost housing, particularly in rural areas. This will support rural, low-income families by making basic cooking tools like brass kerosene pressure stoves more affordable.
Similarly, the handicraft industry involving brass, copper alloys electroplated with nickel, silver, and aluminum will also see a price reduction, benefiting artisans and small-scale enterprises.
