The GST rates increase and decrease quite frequently so I try to keep a track of it. I read in a newspaper about the fly ash bricks GST rate last year. If you are interested, I can share everything about it here. Fly ash bricks is a building material used for construction purposes. They can be used to build
Factories
Warehouses
Power plants
Homes
High rise structures and more
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What is the GST on fly ash bricks?
On 31st March 2022, the CBIC or
Central Board of Indirect Taxes and Customs declared a new GST rate for the Brick manufacturing vide. The government increased the GST rates for such bricks and also for roofing tiles to 12% with ITC or Input Tax Credit and 6% without ITC. The existing rate was 5%. This rate was set as per the recommendations of the 45th GST Council meeting.
Three points are to be noted here
The brick-producing sectors can go for the composition scheme to pay a 6% GST without ITC
Building bricks, roofing tiles, fly ash bricks or blocks and more can go for the composition scheme
Those who are not opting for the composition scheme will have to pay 12% GST with ITC
In short, to answer what is the fly ash bricks GST rate it will be- with composition scheme it is 6% GST and without the scheme, it is 12% GST.
Read More:What is fly ash bricks?
IS code for fly ash bricks?
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How Much in Fly Ash Bricks GST Rate?
Reyansh
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2 Year
2023-01-27T10:30:51+00:00 2023-01-27T10:30:51+00:00Comment
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