Wednesday, June 17, 2026

GST Council decides to levy 5 pc tax on millet-based flour, if sold in pre-packaged and labelled form: FM

[ad_1]

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).
The GSTAT President will have a maximum age cap of 70 years, while the limit for members will be 67 years.
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.



[ad_2]

Source link

spot_img
spot_img

Continue reading

Jindal India Power And SCCL Enter Long-Term Coal Supply Agreement

Jindal India Power And SCCL Enter Long-Term Coal Supply Agreement 8 Lakh Metric Tons of High-Quality Coal to be Procured from Naini Coal Mine The BC Jindal Group, one of India’s leading business conglomerates,...

W&H And GARANT Use Interpack Platform To Expand Industry Connections

W&H And GARANT Use Interpack Platform To Expand Industry Connections Interpack has once again confirmed its role as a key platform for international exchange in the packaging industry, concluding successfully for Windmöller &...

China Strengthens Focus On Smart Robotics Under National Innovation Strategy

China Strengthens Focus On Smart Robotics Under National Innovation Strategy China´s 15th Five-Year Plan (2026-2030) marks pivot to innovation China has launched its 15th Five-Year Plan by placing robotics at the heart of its...
spot_img