Raja Abhishek For NIRC 2024

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over 1 year ago

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๐—š๐—ข๐—ฉ๐—˜๐—ฅ๐—ก๐— ๐—˜๐—ก๐—ง ๐—ข๐—™ ๐—œ๐—ก๐——๐—œ๐—” ๐—”๐—บ๐—ฒ๐—ป๐—ฑ๐˜€ ๐—ก๐—ผ๐˜๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ณ๐—ผ๐—ฟ ๐— ๐—ถ๐—น๐—น๐—ฒ๐˜ ๐—™๐—น๐—ผ๐˜‚๐—ฟ ๐—ฃ๐—ฟ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐Ÿ“ข ๐—ก๐—ฒ๐˜„ ๐—ง๐—ฎ๐˜… ๐—ฅ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—œ๐—ป๐˜๐—ฟ๐—ผ๐—ฑ๐˜‚๐—ฐ๐—ฒ๐—ฑ: "Food preparations made from millet flour, containing at least 70% millets by weight in powder form, and not pre-packaged or labeled, are now subject to amended GST provisions, effective October 20, 2023."

๐Ÿ” ๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐˜๐—ฎ๐—ถ๐—น๐˜€: โ€ข Issued by: Ministry of Finance, Department of Revenue โ€ข ๐—”๐—บ๐—ฒ๐—ป๐—ฑ๐—บ๐—ฒ๐—ป๐˜ ๐—ก๐—ผ๐˜๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป: No. 18/2023-Central Tax (Amending Notification No. 2/2017) โ€ข ๐—ฆ๐—ฐ๐—ผ๐—ฝ๐—ฒ: Adds millet flour-based food preparations to the GST framework, promoting tax incentives for sustainable and nutritious foods.

โš–๏ธ ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜ ๐—ผ๐—ณ ๐—”๐—บ๐—ฒ๐—ป๐—ฑ๐—บ๐—ฒ๐—ป๐˜: This amendment aims to encourage millet consumption by providing tax relief on qualifying millet products, aligning with Indiaโ€™s focus on promoting sustainable agriculture and healthy diets. However, only non-packaged, non-labeled items will benefit, ensuring that pre-packaged products remain under existing GST obligations.

๐Ÿ“œ ๐—”๐—บ๐—ฒ๐—ป๐—ฑ๐—บ๐—ฒ๐—ป๐˜ ๐—œ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป: โ€ข ๐—ก๐—ผ๐˜๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ก๐—ผ.: 18/2023-Central Tax โ€ข ๐—˜๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ ๐——๐—ฎ๐˜๐—ฒ: 20 October 2023 โ€ข ๐—ฅ๐—ฒ๐—ณ๐—ฒ๐—ฟ๐—ฒ๐—ป๐—ฐ๐—ฒ ๐˜๐—ผ ๐—ข๐—ฟ๐—ถ๐—ด๐—ถ๐—ป๐—ฎ๐—น ๐—ก๐—ผ๐˜๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป: 2/2017-Central Tax (Rate), dated 28 June 2017

This update reinforces the government's commitment to boosting millet consumption and aligns tax policies with public interest, supporting sustainable food production.

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