New Delhi: In a significant move during the designated “Year of the Millet,” the GST Council has announced the exemption of millet flour from GST (Goods and Services Tax).
Finance Minister Nirmala Sitharaman, speaking at a press conference following the GST Council meeting, stated that food preparations in powder form containing at least 70 percent millets would no longer be subject to GST. However, this exemption applies to products sold in loose form or non-branded packets.
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On the other hand, branded millet products will continue to attract a 5 percent GST rate.
This decision aligns with the declaration of 2023 as the Year of the Millet and follows the recommendation of the GST Council’s fitment committee to exempt powdered millet while not providing incentives for prepared millet products.
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