Concessional GST rate on bricks applies to specified intra state supplies, subject to input tax credit restrictions and reversal. Exempts intra state supplies of specified bricks and related building products from state GST to the extent the tax exceeds a prescribed concessional rate for listed tariff items, subject to a condition that input tax credit on inputs used exclusively for such supplies is not claimed and any partly attributable input tax credit is reversed as if the supplies were exempt under section 17(2) of the Nagaland GST Act, with tariff classification to follow First Schedule interpretation rules and a specified commencement date.
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Provisions expressly mentioned in the judgment/order text.
Concessional GST rate on bricks applies to specified intra state supplies, subject to input tax credit restrictions and reversal.
Exempts intra state supplies of specified bricks and related building products from state GST to the extent the tax exceeds a prescribed concessional rate for listed tariff items, subject to a condition that input tax credit on inputs used exclusively for such supplies is not claimed and any partly attributable input tax credit is reversed as if the supplies were exempt under section 17(2) of the Nagaland GST Act, with tariff classification to follow First Schedule interpretation rules and a specified commencement date.
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