Rule Amendment:
The Central Government, in its exercise of powers under section 10 of the CGST Act, introduces amendments to the notification (No. 14/2019-Central Tax, dated March 7, 2019).
Recommendations of the Council:
The changes are made based on the recommendations of the GST Council, emphasizing a collaborative approach in policy adjustments.
Effective Date:
The amended notification comes into effect from July 18, 2022, signifying the initiation of the revised tax framework.
Altered Entry in the Table:
Serial number 4 undergoes a modification, with the substitution of the entry in column (3) to now include "Fly ash bricks; Fly ash aggregates; Fly ash blocks."
Issuing Authority:
Vikram Vijay Wanere, Under Secretary to the Government of India, authorizes the amendment, maintaining transparency and compliance.
Historical Reference:
The principal notification, No. 14/2019-Central Tax, was last amended on March 31, 2022, illustrating the iterative nature of tax regulations to align with industry dynamics.
Industry Impact:
The inclusion of specific fly ash products acknowledges their significance, potentially influencing businesses engaged in their production and trade.
Note: This amendment reflects the government's responsiveness to industry nuances, fostering a more inclusive and adaptable GST framework.