2. GST IMPACT ON CONSTRUCTION SECTOR:
Under GST regime some of the goods such as wallpaper, paints and varnishes, Putty, wall fillings etc. Which is used for construction will be taxed under 28%, a higher of 2% from its earlier tax regime. This would have negative Impact on construction sector.
Cement, which is the backbone of construction sector has get a tax benefit of 2% and this will reduced the cost of cement .Therefore construction sector are going to be better in long run.
Depending on the stage of construction and location, home prices may either see a correction of up to 3% from current levels.

3. CONT . . .
Sand lime bricks, fly ash bricks are to be tax under 5%, a benefit of 1%from the old tax regime.
Overall Construction costs would be reduced to some extent which would benefit the end consumer.
There would be lesser burden on purchase of inputs like cement, steel which will give positive impact to this sector and the roads and buildings will be better.
Petroleum bitumen, which is used for road construction has categorized under 18% slab, a tax benefit of 9.5% would give rise to infra sector.

4. LARSEN & TURBO LTD.:
With major and innovative projects ongoing, Larsen & Toubro Limited (L&T) is the biggest construction firm in India. Larsen & Toubro Limited, commonly known as L&T, is an Indian multinational conglomerate headquartered in Mumbai. It was founded by two Danish engineers taking refuge in India. The company has operated in engineering, construction, manufacturing goods, information technology, and financial services, and has offices worldwide.
L&T has formed a joint venture with Sapura Crest Petroleum Berhad, Malaysia for providing services to the offshore construction industry.
L&T is among the largest five fabrication companies in the world.

5. GST IMPACT ON L & T :
L&T will get benefit from GST as tax on cement and Sand lime bricks, fly ash bricks has reduced. This would give directly 2% of extra benefit to this company.
GST would reduce the construction cost in the hands of the developer and thereby aid in reducing or at least maintaining the current level of prices so that People will prefer good buildings and good infrastructure which will increase the margin of the company.
L&T’s construction segment is in good position and the reduced GST tax would furnish more benefit to the company and help to increase the margin of the company.