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<h1>GST rate designation for molasses establishes a concessional rate applicable until the notified expiry date.</h1> Molasses is specified in Schedule 1 as a taxable good subject to a concessional GST rate of 5% until 21-09-2025, inserted by Notification No. 20/2023 - Integrated Tax (Rate) dated 19-10-2023 with effect from 20-10-2023.