GST Reform: GST cut on dairy and agricultural goods will make farmers rich; 10 crore will benefit

GST Reform: Under the GST reform, tax rates have been cut on dairy products, agricultural equipment, and food processing related items. This decision will directly benefit more than 10 crore farmers and dairy cooperatives. GST exemption on milk and cheese, reduction in the prices of tractors and its parts, and improvement in the tax structure on fertilizers will reduce the burden of farmers. Major brands like Amul welcomed it. This step will strengthen the rural economy and the cooperative sector.

GST Reform: The government has taken a big decision to cut the Goods and Services Tax (GST) on dairy products and agricultural goods. This decision will directly benefit more than 10 crore farmers across the country and will give new strength to the cooperative sector.

Benefits to farmers and cooperatives

According to the Ministry of Cooperation, exemption from GST on products like milk and cheese and reduction in rates on processing equipment will increase the income of farmers and dairy cooperatives. Big brands like Amul have also welcomed this move, as it will reduce the cost of production and increase profits.

Fertilizer and tractor prices will be reduced

The fertilizer industry will also get relief from the reduction in GST rates. Now the problem of inverted tax structure will end, due to which the prices of fertilizers will remain stable and the essential goods will be easily available to the farmers at the time of sowing. Along with this, the reduction in the prices of tractors and their parts will especially benefit small farmers. These farmers often depend on animal husbandry and mixed farming.

Support to rural and semi-urban areas

The government believes that this decision will increase the demand in rural and semi-urban areas. The expenses of families will be reduced and the food processing industry will also get a boost. Also, consumers will get relief due to the reduction in the burden on essential food items.

The pace of rural economy will increase

This reduction in GST rates will prove to be a positive step not only for farmers but also for the entire rural economy and consumers. This decision will strengthen the agricultural and dairy economy of the country by creating a better balance between production, demand and income.

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