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Taxation Central Ministry of Finance Integrated Goods and Services Tax Act, 2017

Ministry of Finance Alters GST Rates for Molasses and Millet Flour Preparations

19-Oct-2023 | 20/2023- Integrated Tax (Rate)

Ministry of Finance has issued a Notification amending the Notification No. 1/2017-Integrated Tax (Rate), dated 28th June 2017, effective from 20th October 2023.

By virtue of this Notification, there are several key changes:

1. Schedule I-2.5%:
Entry 92A is added, affecting the tax rate for Molasses.
Entry 96A is introduced for Food preparation of millet flour in powder form, containing at least 70% millets by weight, which is pre-packaged and labeled.

2. Revisions in Schedule III-9%:
Changes are implemented in S. No. 13, including food preparation of millet flour in powder form, containing at least 70% millets by weight, pre-packaged and labeled.

3. Amendment in Schedule IV-14%:
S. No. 1 and its entries are omitted, impacting a specific category of products.

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