Legislative Authority:
G.S.R. (E) invokes the powers vested by section 6 of the IGST Act, 2017, ensuring pragmatic amendments aligned with public interest.
Modified Schedule Entry (S. No. 102):
Aquatic feed, poultry feed, cattle feed, and related components witness refined categorization, now explicitly excluding rice bran.
New Inclusions (S. No. 102C):
Introduction of S. No. 102C, extending benefits to husk of pulses, concentrates (chuni or churi), and Khanda, fostering inclusivity in tax considerations.
Effective Implementation:
The amendments take effect from January 1, 2023, influencing the tax landscape concerning the specified feeds and related products.
Administrative Signatory:
Vikram Vijay Wanere, Under Secretary, officiates the amendment, underscoring the government's official endorsement.
Principal Notification Background:
Provides a historical context, referencing the original notification and subsequent amendments, offering a comprehensive understanding.
Streamlined Feed Taxation:
The amendments aim to streamline the taxation framework, ensuring clarity and relevance in the evolving landscape of feed and related products.
Note: These amendments reflect a nuanced approach, tailoring tax considerations to align with the intricacies of the feed industry.