Expansion of GST Exemptions: New Entries Effective April 2022
Governmental Authority:
G.S.R (E) exercises powers under sub-section (2) of section 23 of the CGST Act, 2017, following Council recommendations.
Notification Amendments:
Noteworthy changes are introduced to the March 7, 2019, notification (No.10/2019-Central Tax), reflecting the evolving tax landscape.
Inclusion of New Entries:
Post serial number 3 in the existing Table, several new entries are incorporated, encompassing products like fly ash bricks, fly ash aggregate, bricks of fossil meals, building bricks, and earthen or roofing tiles.
Specific Products Covered:
Key inclusions feature fly ash bricks or aggregate with 90% or more fly ash content, fly ash blocks, bricks of fossil meals, building bricks, and earthen or roofing tiles.
Effective Date:
The updated notification takes effect from April 1, 2022, signaling the commencement of the new fiscal year.
Official Declaration:
Vikram Vijay Wanere, Under Secretary to the Government of India, formally declares the amendments.
Contextual Note:
These amendments signify a broadening of GST exemptions, potentially influencing sectors associated with the production of the newly added items.
Note: Businesses and stakeholders should stay informed about these changes to ensure adherence to the updated GST regulations.