GST Exemption on Specific Goods: Notification for Fly Ash Products

Authority and Recommendation: G.S.R. (E) exercises powers under CGST Act, 2017, recommended by the Council, granting exemption to intra-state supplies of specific goods.

Exempted Goods and Rates: Goods falling under specified tariff items, like fly ash bricks or blocks, fossil meal bricks, and earthen tiles, are exempted from excess central tax. The applicable rate is 3%, subject to conditions mentioned in the annexure.

Annexure Conditions: Conditions include the non-availment of input tax credits for exclusive and partially used goods in the supply. Reversal of credits is mandatory for partially used goods.

Effective Date: The notification becomes effective on April 1, 2022, impacting relevant tax liabilities and compliance.

Tariff Definitions: Clarification on terms like "Tariff item," "sub-heading," "heading," and "Chapter" provided as per the Customs Tariff Act, 1975.

Applicability of Customs Tariff Act: Rules for interpreting the Customs Tariff Act applied, ensuring consistency and alignment with existing regulations.

Transparent Explanation: The notification concludes with a clear explanation, enhancing understanding for businesses and individuals affected.

Note: Businesses dealing with the specified goods should adapt their tax strategies and compliance processes accordingly.