The Goods and Service Tax Network on 10th May 2022, has notified the changes made on the GST portal to include 6% rate in GSTR-1. A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on Fly ash bricks or fly ash aggregate with 90 per cent, Bricks of fossil meals or similar siliceous earths, Building bricks etc vide Notification dated 31st March 2022.
Therefore 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 the correct tax amount is reported in GSTR-1. Meanwhile, this rate will be made available on the GST portal shortly.
