Notification No. 21/2023-Integrated Tax (Rate) Dated: 19th October, 2023

On the 19th of October, 2023, the Ministry of Finance, Department of Revenue, Government of India, issued Notification No. 21/2023-Integrated Tax (Rate). This notification introduces significant amendments to the taxation of food preparations made from millet flour. In this article, we will provide an in-depth analysis of these changes and their implications.

Detailed Analysis:

1. Amendment in Schedule: The primary amendment introduced in this notification is in the Schedule. After S. No. 94 and the related entries, a new S. No. 94A is added. This new entry specifically pertains to “Food preparation of millet flour, in powder form, containing at least 70% millets by weight, other than pre-packaged and labeled.”

2. Taxation of Millet Flour Preparations: This amendment focuses on the taxation of food preparations made from millet flour. It specifies that such preparations must contain at least 70% millets by weight and should not be pre-packaged and labeled. The tax implications for these preparations are likely to change as a result of this amendment.

3. Effective Date: The amended tax rates for millet flour preparations, as described in S. No. 94A, will come into effect from the 20th of October, 2023.

Conclusion:

Notification No. 21/2023-Integrated Tax (Rate) issued by the Ministry of Finance, Department of Revenue, Government of India, introduces changes in the taxation of food preparations made from millet flour. Specifically, it applies to preparations in powder form containing at least 70% millets by weight and excludes those that are pre-packaged and labeled.

The effective date for these changes is the 20th of October, 2023. It is crucial for businesses and individuals involved in the production and distribution of such millet flour preparations to understand and comply with the new tax regulations. Adhering to these regulations is essential to avoid potential legal or financial complications and to ensure smooth operations within the Indian market.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

Notification No 21/2023- Integrated Tax (Rate) |Dated: 19^th October, 2023

G.S.R.778(E).– In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), notification No.2/2017- Integrated Tax (Rate), dated the 28^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 667(E), dated the 28^th June, 2017, namely

In the said notification, in the Schedule, after S. No. 94 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –

2. This notification shall come into force with effect from the 20^th day of October, 2023.

[F. No. CBIC-190354/195/2023-TO(TRU-II)-CBEC]

Vikram Wanere
Under Secretary

Note: – The principal notification No.2/2017- Integrated Tax (Rate), dated the 28^th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 667(E)., dated the 28^th June, 2017 and was last amended by notification No. 04/2023 – Integrated Tax (Rate), dated the 28^th February, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 151(E)., dated the 28^th February, 2023.