CBEC Clarifications on Issues related to classification and GST rate on Terracotta idols
The CBEC has clarified on the matters relating to classification of Terracotta idols and that ‘Nil’ GST Rate would be applicable thereon, as under:
1. The GST rate on Idols made of clay is nil. (S.No. 135A of Schedule notification 2/2017 dated 28.06.2017).
2. In this connection, references have been received as to whether this entry would cover idols made of terracotta.
3. The matter has been examined. As terracotta is clay based, terracotta idols will be eligible for Nil rate under Sl. No. 135A of notification 2/2017 dated 28.06.2017.