Priyanka Kumari | Oct 20, 2023 |
CBIC notifies GST Rates for Millets sold loose, pre-packaged and labelled
The Central Board of Indirect Taxes and Customs (CBIC) has notified the rates of Goods and Services Tax (GST) on pre-packaged and labelled millet flour.
The Goods and Services Tax Council decided to reduce the GST on pre-packaged and labelled millet flour with 70% millet content from 18% to 5%, after its 52nd meeting on Saturday. Millet floor has been exempted from GST if sold in loose form.
The official notification stated:
In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No.2/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 674(E), dated the 28th June, 2017, namely:
In the said notification, in the Schedule, after S. No. 94 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:
2. This notification shall come into force with effect from the 20th day of October, 2023.
For official notification Download the PDF given below:
In case of any Doubt regarding Membership you can mail us at [email protected]
Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"