The GST rate cuts across dairy products, agricultural inputs, and food processing items will directly benefit over 10 crore dairy farmers and strengthen the cooperative sector, Ministry of Cooperation said on Saturday.
The GST restructuring addresses the inverted duty structure in fertiliser manufacturing and is expected to prevent price rise for farmers while ensuring timely availability of inputs during sowing seasons, the ministry said in a statement.
For dairy farmers, the exemption on milk and paneer, combined with reduced rates on processing equipment, is likely to improve margins for both individual farmers and dairy cooperatives. Major dairy brands including Amul have welcomed the announcement.
The reduction in tractor and component prices will particularly benefit small farmers engaged in mixed farming and animal husbandry, as these tractors are commonly used for fodder cultivation and farm produce transportation.
The moves are designed to stimulate demand in semi-urban an
​The GST rate cuts across dairy products, agricultural inputs, and food processing items will directly benefit over 10 crore dairy farmers and strengthen the cooperative sector, Ministry of Cooperation said on Saturday.
The GST restructuring addresses the inverted duty structure in fertiliser manufacturing and is expected to prevent price rise for farmers while ensuring timely availability of inputs during sowing seasons, the ministry said in a statement.
For dairy farmers, the exemption on milk and paneer, combined with reduced rates on processing equipment, is likely to improve margins for both individual farmers and dairy cooperatives. Major dairy brands including Amul have welcomed the announcement.
The reduction in tractor and component prices will particularly benefit small farmers engaged in mixed farming and animal husbandry, as these tractors are commonly used for fodder cultivation and farm produce transportation.
The moves are designed to stimulate demand in semi-urban anÂ
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