GST:
The CBIC has amended Notification No. 01/2017-Central Tax (Rate) to provide that 5% GST shall be levied on Fortified Rice Kernel (FRK) under HSN 1904. Also, the definition of ‘pre-packaged and labelled’ has been amended to cover all commodities that are intended for retail sale and containing not more than 25 kg or 25 litres, which are ‘pre-packed’ as defined under the Legal Metrology Act, or a label affixed thereto.
[Notification No. 01/2025-Central Tax (Rate) dated 16.01.2025]
