5% GST Shall be Levied on Un-fried or Un-cooked Snack Pellets, Fish Soluble Paste & LD Slag
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- Last Updated on 28 July, 2023
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Notification No. 09/2023- Central Tax (Rate) dated July 26th, 2023
The CBIC has issued notification on basis of recommendation of GST Council to provide that GST at rate of 5% shall be levied on un-fried or un-cooked snack pellets. This amendment in rate of un-fried or un-cooked snack pellets is a welcome step for the industry which will put to rest the ongoing disputes on taxability of uncooked/unfried snack pellets at higher rates due to divergent views taken by various states advance ruling authorities.
Also, the GST rate on fish soluble paste is reduced from 18% to 5% since the fishing industry was demanding for lower GST rates for on fish soluble waste paste, fish meal and fish oil which was essential for its survival.
Further, GST rate is reduced on LD slag from 18% to 5% to encourage better utilisation of this product and protection of environment. LD Slag is solid waste produced during steel manufacture which can be used in various manufacturing industries such as cement, marine ecology, highways, etc.
Click Here To Read The Full Notification
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