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GST: A shot in the arm for Prism Cement's struggling tiles division?
The tile, bath, kitchen (TBK) division of Prism Cement Ltd continues to be a drag on its overall earnings. Apart from capacity addition and streamlining distribution, implementation of goods and services tax (GST) is likely to boost offtake of this division. Tiles and sanitary ware will be taxed at 28% under GST, which is more or less in line with the current tax incidence.
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