GST Relief for Fisheries Sector: Key Reforms Announced

The Ministry of Fisheries, Animal Husbandry & Dairying has announced significant GST reforms for the fisheries sector, reducing tax rates on various products and services to 5%. This move aims to lower operational costs, enhance competitiveness, and support millions of fish farmers and stakeholders. Key reductions include GST on fish oils, seafood products, aquaculture inputs, and fishing gear. The reforms are expected to boost domestic consumption and strengthen India's position as a leading seafood exporter, benefiting rural livelihoods and promoting sustainable practices.

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