HomeGST55 GST Council Meet: 5% GST On Fortified Rice Kernel

55 GST Council Meet: 5% GST On Fortified Rice Kernel

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The 55th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Jaisalmer, Rajasthan, today. The council recommended 5% GST on fortified rice kernel.

In a major relief to the poor, the GST council recommended to reduce the GST rate on Fortified Rice Kernel (FRK), classifiable under 1904, to 5%.

Fortified rice kernels are either coated rice kernels or extruded rice-shaped kernels prepared with a mix of vitamins and minerals. Sometimes a powdery blend of nutrients is dusted onto unfortified rice, but this is only useful in countries where consumers do not wash rice before cooking it.

The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa, Haryana, Jammu and Kashmir, Meghalaya and Odisha; Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, and Telangana; besides Finance Ministers of States & UTs (with legislature) and senior officers of the Ministry of Finance & States/ UTs.

The GST Council inter-alia made the following recommendations relating to changes in GST tax rates, provide relief to individuals,measures for facilitation of trade and measures for streamlining compliances in GST.

Read More: Safari Retreats Judgment:  55th GST Council Meet Recommended Retrospective Amendment to GST Act To Correct Error

Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Dept. Can’t Classify Product as Zarda Scented Tobacco After Repeatedly Approving It As Chewing Tobacco: CESTAT 

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside...

Consignment Sales Can’t Be Reclassified as Inter-State Sales Based on Pre-Agreement Evidence: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...

Credit Can’t Be Denied Repair And Maintenance Services Of Plant And Machinery By Categorising As Work Contract: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...

Mere Uploading Of GST Order On Portal Is Not “Valid” Service: Tripura HC

The Tripura High Court has held that mere uploading of an adjudication order on...

More like this

Dept. Can’t Classify Product as Zarda Scented Tobacco After Repeatedly Approving It As Chewing Tobacco: CESTAT 

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside...

Consignment Sales Can’t Be Reclassified as Inter-State Sales Based on Pre-Agreement Evidence: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...

Credit Can’t Be Denied Repair And Maintenance Services Of Plant And Machinery By Categorising As Work Contract: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...