
New GST Rate of FRK and New definition of pre-packaged and labelled Notification No. 01/2025-Central Tax (Rate)
Date: January 16, 2025
Issued By: Ministry of Finance, Department of Revenue
Effective Date: Immediate
The Central Government, exercising its powers under sub-section (1) of Section 9 and sub-section (5) of Section 15 of the Central Goods and Services Tax Act, 2017, has introduced significant amendments to Notification No. 1/2017-Central Tax (Rate). These amendments aim to address public interest needs and incorporate the latest recommendations from the GST Council.
Key Amendments
Changes in Schedule I (2.5% GST Rate)
- Insertion of New Entry (S. No. 98B):
A new entry has been added to Schedule I, which includes the following:- HSN Code: 1904
- Description: Fortified Rice Kernel (FRK)
This inclusion ensures a reduced GST rate of 2.5% for Fortified Rice Kernel, aligning with the governments objective to promote nutritional enhancement initiatives.
Changes in Schedule III (9% GST Rate)
- Modification of Existing Entry (S. No. 15):
- Amendment: The description for S. No. 15 in Schedule III has been updated.
- Original Description: “commonly known as Murki”
- Revised Description: “commonly known as Murki, Fortified Rice Kernel (FRK)”
Revision of Explanation (Clause ii), ScheduleVII
- Amendment to Definition of ‘Pre-packaged and Labelled’:
The expression ‘pre-packaged and labelled’ means all commodities that are intended for retail sale and containing not more than 25 kg or 25 litre, which are‘ pre-packed’ as defined in clause (l) of section 2 of the Legal Metrology Act, 2009 (1 of 2010) where, the package in which the commodity is pre-packed or a label securely affixed thereto is required to bear the declarations under the provisions of the Legal Metrology Act, 2009 (1 of 2010) and the rules made thereunder.”
Visit www.cagurujiclasses.com for practical courses
Disclaimer:-
The opinions presented are exclusively those of the author and CA Guruji Classes. The material in this piece is intended purely for informational purposes and for individual, non-commercial consumption. It does not constitute expert guidance or an endorsement by any organization. The author, the organization, and its associates are not liable for any form of loss or harm resulting from the information in this article, nor for any decisions made based on it. Furthermore, no segment of this article or newsletter should be employed for any intention unless granted in written form, and we maintain the legal right to address any unauthorized utilization of our article or newsletter.