Construction Sector: Major changes in GST Provisions & Rate from 01.04.2022
Total 4 Notifications regarding changes in GST provisions and GST Rates for Construction Sector has been issued on 31.03.2022 for following items-
|Fly ash bricks or fly ash aggregate with 90 per cent. or more fly ash
content; Fly ash blocks
|Bricks of fossil meals or similar siliceous earths|
|Earthen or roofing tiles”|
- Notification No. 01/2022-Central Tax (Rate) – Rate will be 6% + 6% with ITC
- Notification No. 02/2022-Central Tax (Rate) – Rate will be 3% + 3% without ITC
- Notification No. 03/2022-Central Tax – Threshold limit of Rs.40 Lakhs not applicable.
- Notification No. 04/2022-Central Tax – Cannot opt for Composition Scheme.
All notification have come into force from 1st day of April, 2022.
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