GST exemption for terracotta idols confirmed as nil rate under the clay idols entry, clarifying classification and applicability. Terracotta, being clay based, is treated as a clay idol and therefore eligible for the Nil GST rate under the State Tax rate notification applicable to idols of clay; the circular directs tax officers to apply this classification and to report any implementation difficulties, and it specifies an effective date for the guidance.
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GST exemption for terracotta idols confirmed as nil rate under the clay idols entry, clarifying classification and applicability.
Terracotta, being clay based, is treated as a clay idol and therefore eligible for the Nil GST rate under the State Tax rate notification applicable to idols of clay; the circular directs tax officers to apply this classification and to report any implementation difficulties, and it specifies an effective date for the guidance.
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