Breaking: GST on Fortified Rice Drops to 5%, Industry Welcomes Move
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The GST Council has reduced the GST on fortified rice kernels (FRK) from 18% to 5%, benefiting rice millers and strengthening food security. Effective from April 1, 2025, the change eases tax compliance, improves supply chains, and enhances nutritional programs under the Public Distribution System (PDS), benefiting economically weaker sections.
The GST Council has revolutionized the rice industry by cutting tax rates on fortified rice kernels (FRK) from 18% to 5%. This most important reduction came during the 55th GST Council meeting and helps rice millers who paid Rs 5,000 per quintal plus 18% GST but received only 5% reimbursement. The new GST rate on rice falls under Schedule I with HSN 1904 classification. Rice millers have pushed for this change over the last several years, and their efforts have finally paid off. This reduction will make operations smoother and maintain steady supply to the Food Corporation of India (FCI). The council's decision supports economically weaker groups through the Public Distribution System (PDS) and creates a balance between industry requirements and social welfare.
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