Expansion of GST Exemptions: New Entries Effective April 2022
Government's Authority:
G.S.R (E) utilizes the powers conferred under the proviso to sub-section (1) of section 10 of the CGST Act, 2017.
Amendments to Existing Notification:
The Central Government, based on Council recommendations, introduces amendments to the March 7, 2019 notification (No.14/2019-Central Tax).
Inclusions in the Notification:
The amendment introduces new entries in the Table, encompassing products such as fly ash bricks, fly ash aggregate, bricks of fossil meals, and more.
Specific Products Covered:
Notable inclusions are 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 becomes effective from April 1, 2022, aligning with the start of the new financial year.
Official Declaration:
Under Secretary to the Government of India, Vikram Vijay Wanere, issues the official declaration, affirming the modifications.
Contextual Note:
This amendment expands the scope of GST exemptions, possibly promoting specific industries and sustainable construction practices.
Note: Taxpayers and relevant industries should take cognizance of these amendments, ensuring compliance with the updated GST regulations.