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of <h1>India Updates Tax Rate on Fly Ash Bricks; New Rates Effective from July 18, 2022, Affecting Input Tax Credit Use.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 10/2022-Central Tax (Rate) to amend Notification No. 02/2022-Central Tax (Rate) dated 31st March 2022. This amendment, effective from 18th July 2022, modifies the concessional tax rate on the intra-state supply of bricks, specifically replacing the entry for 'Fly ash bricks; Fly ash aggregates; Fly ash blocks' in the notification table. This concessional rate is conditional on not availing the Input Tax Credit (ITC). The amendment is made under the Central Goods and Services Tax Act, 2017, based on the Council's recommendations.
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