GST Council Meeting: Such products made from coarse grains will now become cheaper, GST Council has reduced the tax.

GST Council Meeting: Such products made from coarse grains will now become cheaper, GST Council has reduced the tax.

India is celebrating 2023 as the Year of Millets. In such a situation, the GST Council has taken an important decision to promote coarse grains. The apex body that takes decisions regarding GST has decided to reduce the tax on some products related to coarse grains. This will reduce the prices of such products in the coming time.

52nd meeting of GST Council

Goods and Services Tax Council (GST Council) is the top decision making body about GST. Is. Today, the 52nd meeting of the council is being held on Saturday under the chairmanship of Finance Minister Nirmala Sitharaman. Apart from Union Minister of State for Finance Pankaj Chaudhary, Finance Ministers of various states and union territories and senior officials of the Central Government and State Governments are participating in the meeting.

GST Council took this decision

During the meeting, the GST Council has decided to reduce the GST rates on Millet Flour Food Preparations from the current 18 percent to 5 percent. Such a claim is being made in an ANI report quoting sources. The Fitment Committee of the GST Council had earlier recommended exemption for powdered millet.

There was a demand to give incentives by giving exemption in GST on products prepared from coarse grains, which was ignored by the Council. .

Government is promoting coarse grains

Let us tell you that recently millet i.e. coarse grains is being discussed a lot. The Indian government is promoting coarse grains. For this, 2023 is being celebrated as Millet Year i.e. the year of coarse grains. The government is trying to speed up both the production and consumption of coarse grains in the country.

Double benefit from coarse grains

It is said that coarse grains are not only good for the health of the people. Not only are they better, they are also more environmentally friendly. Coarse grains contain many nutrients, which improve people’s health. Also, coarse grains can be grown in less water and there is less need for chemical fertilizers to grow them. In this way, promoting coarse grains can also prove beneficial for the environment.

Also read: All your banking complaints will be resolved easily, this change has been announced in the Ombudsman Scheme.

Get more latest business news updates

Scroll to Top