The Union Finance Minister Nirmala Sitaraman presided over the 52th meeting of the GST Council on the 7th October 2023 at sushama swaraj bhavan in New Delhi with union minister of finance and corporate affairs. The GST on job work services for turning barley into malt was reduced by the council from 18% to 5%. The food and beverage business frequently uses malt extract as a sweetener, flavoring component, and vitamin booster. Malted grains are created by germination and drying of malted barley, which is used to make this product. The grains are then processed into powder or syrup, which has a wide range of uses.
Source Taxscan
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