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Tag: fortified rice kernels

GST in Media

Rice millers hail GST reduction on fortified rice kernels to 5%

byAdmin24/12/202424/12/2024

The rice millers of Haryana have expressed relief and gratitude after the GST Council reduced the tax rate on fortified rice kernels (FRK) from 18 per cent to 5 per cent. The decision, taken during the 55th GST Council meeting chaired by Union Finance Minister Nirmala Sitharaman, has resolved a significant issue for the millers.

AAARGST Article

Fortified Rice Kernels are classified under the Chapter 19 under sub-heading 19049000 and attracts the GST of 18%

byCA Bimal Jain09/10/202409/10/2024

The AAAR, Chhattisgarh in the case of M/s Brindavan Agrotech (P.) Ltd., held that the Fortified Rice Kernels is made by using the milling process, is covered under Chapter 11 of the Customs Tariff Act, 1975.

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