This discussion clarifies the Goods and Services Tax (GST) rates applicable to clay bricks, specifically under HSN code 69041000. As of April 1st, 2022, the GST rates were revised. Manufacturers can now opt for a 12% GST rate if they claim Input Tax Credit (ITC), or a 6% GST rate if they do not claim ITC. This update aims to provide clarity for brick manufacturers regarding their GST obligations.
01 April 2022
sir CBIC issued notification on 31st March 2022, change in GST rate in bricks industry from 1 St April 2022, 12% GST with ITC - Notification 01/22 and 6% GST without ITC - Notification 02/22. please clarify sir