55th GST Council Meeting: Reduced Rate on Fortified Rice Kernels to 5%

The 55th GST Council meeting has reduced the GST rate for fortified rice kernels from 18% to 5%. This decision is aimed at promoting the use of fortified rice in combating malnutrition, particularly among vulnerable populations. The reduction in the tax rate is expected to make fortified rice more affordable and accessible, thereby encouraging its widespread adoption. The council’s move reflects its commitment to public health and nutrition and aligns with the government's efforts to reduce malnutrition levels in the country. This decision is seen as a positive step towards improving the nutritional status of the population and supporting the government’s initiatives for social welfare.