Introduction of New Category:
Notification G.S.R. (E) amends the Integrated Goods and Services Tax (IGST) Act, 2017, introducing a new entry after S. No. 94 in the Schedule of notification No. 2/2017-Integrated Tax (Rate).
New Entry Details:
S. No. 94A specifies "Food preparation of millet flour, in powder form, containing at least 70% millets by weight, other than pre-packaged and labelled."
Objective:
The amendment aims to encourage the consumption of millet-based food products by providing favorable GST rates.
Effective Date:
The new provision comes into effect from October 20, 2023, allowing businesses to benefit from the revised tax treatment.
Issuing Authority:
Under Secretary Vikram Wanere issues the official notification on behalf of the Central Government.
Principal Notification History:
The principal notification, No. 2/2017- Integrated Tax (Rate), was last amended by notification No. 04/2023 – Integrated Tax (Rate) on February 28, 2023.
Consumer Impact:
Consumers can anticipate a positive impact on the pricing and availability of millet-based food preparations, promoting healthier dietary choices.
Note: Refer to the official notification G.S.R. (E) for comprehensive details.