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of <h1>Molasses Taxed at 5% IGST or 2.5% Each for CGST and SGST/UTGST Under Notification No. 20/2023-Integrated Tax</h1> Molasses is subject to a tax rate under Schedule 1, with an Integrated Goods and Services Tax (IGST) of 5% or a combination of Central Goods and Services Tax (CGST) at 2.5% and State Goods and Services Tax (SGST) or Union Territory Goods and Services Tax (UTGST) at 2.5%. This rate was established by Notification No. 20/2023-Integrated Tax (Rate) effective from October 20, 2023.
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