CBIC notifies Reduced GST Rates of Molasses, Millet Flour and Spirits for Industrial Uses [Read Notification]

Based on the recommendation of the Goods and Services Tax (GST) Council meeting, the central Board of Indirect Taxes and Customs (CBIC), vide notification no. 17/2023 has notified the reduced GST rates of molasses, millet flour and spirits used for industrial purposes with effect from 20th October 2023.

By virtue of the authority vested in it through sub-section (1) of section 9 and sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017, the Central Government, acting upon the recommendations put forth by the Council, has instituted the ensuing modifications in the notification published by the Government of India, Ministry of Finance (Department of Revenue), No. 1/2017-Central Tax (Rate), dated 28th June 2017, and recorded in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), under reference number G.S.R. 673(E), dated 28th June 2017, as follows:

In the said notification, -

(A) in Schedule I – 2.5%, -

(i) after S. No. 92 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:

(1)	(2)	(3)
“92A.	1703	Molasses”;

(ii) after S. No. 96 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:

(1)	(2)	(3)
“96A.	1901	Food preparation of millet flour, in powder form, containing at least 70% millets by weight, pre-packaged and labelled”;

(B) in Schedule III – 9%,

(i) against S. No. 13, in column (3), for the words and figures “of heading 1905”, the words and figures “of heading 1905; food preparation of millet flour, in powder form, containing at least 70% millets by weight, pre-packaged and labelled ” shall be substituted;

(ii) after S. No. 25 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1)	(2)	(3)
“25A.	2207 10 12	Spirits for industrial use”;

(C) in Schedule IV – 14%, S. No. 1 and the entries relating thereto shall be omitted.

Also read: CBIC notifies Coastal Conversion Provisions for Foreign Vessels with Reconversion Clause within 6 months

To Read the full text of the Notification CLICK HERE

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