As per the recent tweet of CNBC-TV18, Sources say the GST Council approves special composition scheme & capacity-based GST to be levied on certain items.
- Council agrees to introduce special composition scheme for brick kiln sector from April 2022
- Council prescribes GST rate of 6% without ITC, similar to services sector for brick kiln
- Council agrees to raise GST on supply of bricks to 12% from 5% with ITC from April 2022
- To bring in GST liability payment under reverse charge mechanism on mentha at 1st stage of supply
- Council agrees to block IGST refund route on export of mentha
- Council extends GoM’s time period by 3 mths to examine capacity-based levy on pan masala & tobacco products
Source from: https://twitter.com/CNBCTV18Live/status/1438778858254127110