New Delhi:
The GST Council on Saturday decided to levy a lower 5 per cent tax on millet-based flour when sold in pre-packaged and labelled form, Finance Minister Nirmala Sitharaman said.
Flour, containing at least 70 per cent millets, will attract zero per cent GST if sold loose, and 5 per cent if sold pre-packaged and labelled.
The 52nd GST Council meeting, chaired by Union finance minister and comprising state counterparts, also decided to cap the maximum age of President and members of the GST Appellate Tribunal (GSTAT).
This is a change from the earlier age limit of 67 and 65 years, respectively, for the President and members of GSTAT.
The Council also decided to reduce GST on molasses to 5 per cent, from 28 per cent, and exempt alcohol for human consumption from the levy.
Oct 07,2023
Source: NDTV
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