GSTN: Desi jugaad for Reporting 6% GST rate in GSTR-1
How to report 6% in GSTR-1? GST rate on bricks increased from 5% to 12%. The government on March 31 notified the GST rates that would be applicable from April 1. Notification No. 01/2022 – Central Tax (Rate) dated 31st March 2022 issued which increased GST rate on following goods from 5% to 12% with effect from 01st April 2022:
|6815||Fly ash bricks or fly ash aggregate with 90 per cent. or more fly ash content; Fly ash blocks|
|6901 00 10||Bricks of fossil meals or similar siliceous earths|
|6904 10 00||Building bricks|
|6905 10 00||Earthen or roofing tiles|
Notification No. 2/2022 – Central Tax (Rate) dated 31st March 2022 for the above goods concessional rate of 6% can be charged if following 2 conditions are satisfied:
1) Input Tax credit on goods or services used exclusively in supplying the above goods has not been taken; and
2) Input Tax credit on goods or services used partly for supplying the above goods and partly for effecting other supplies eligible for input tax credits, is reversed as if supply of such goods is an exempt supply.
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No Mechanism in GST Portal for 6% GST rate in GSTR-1
GSTN Advisory: A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain goods vide Notification No. 02/2022 dated 31st March 2022. Changes are being made on the GST portal to include this rate in GSTR-1. As a temporary measure, taxpayers who have to report goods at this rate may do so by reporting the entries in the 5% heading and then manually increasing the system computed tax amount to 6%. This can be done by entering the value in the ‘Taxable value’ column next to 5% tax-rate and then increasing the system computed tax-amount to 6% IGST or 3% CGST + 3% SGST in the ‘Amount of Tax’ column under the relevant Table, namely B2B, B2C or Export, as applicable. This will ensure that correct tax amount is reported in GSTR-1. Meanwhile, this rate will be made available on the GST portal shortly.
GSTN regrets any inconvenience caused in this regard.
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