Mine is the manufacturing of briks. Last year is in regular. What will be the rate of GST tax.
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Quick Summary
This discussion clarifies the GST tax rate applicable to brick manufacturers. For regular dealers who did not opt for the composition scheme in FY 2022-23, the GST rate is 12% with Input Tax Credit (ITC). Previously, the rate was 5% for March 2022, increasing to 12% from April 2022 onwards.
If you are a regular dealer and did not opt for composition in FY 2022-23, then the rate of GST will be 12% with ITC vide Notification No. 02/2022-Integrated Tax (Rate).