Panel working on classification of millet products to determine GST rates

The panel will likely propose the classification at the next GST Council meeting, which is expected to be held at the end of May or in June

A Goods and Services Tax (GST) panel is finalising classifications of millet-based products to determine the tax rates applicable on them.

According to sources, the fitment panel – comprising officials from the Centre and states – would classify products where millets are a dominant ingredient.

At present, there is no specific entry for millet-based health mix products under the GST.  Therefore, such products currently attract a GST rate of 18 per cent under the residual entry.

“The panel will see the proportion of millet and other ingredients in the health mix to assess where it will fit in the classification,”