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of <h1>India Updates UTGST Tax Rates: Molasses, Millet Flour, and Industrial Spirits Affected by Notification No. 17/2023.</h1> The Government of India has issued Notification No. 17/2023 under the Union Territory Goods and Services Tax (UTGST) Act, 2017, amending the previous Notification No. 01/2017. Effective from October 20, 2023, the amendments include changes to tax rates for specific items. In Schedule I, a 2.5% tax rate is applied to molasses and food preparation of millet flour. Schedule III sees a 9% rate for food preparation of millet flour and spirits for industrial use. Schedule IV omits the 14% tax rate for certain entries. These amendments follow the recommendations of the GST Council.
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