Major GST Reductions to Support Cooperatives and Farmers

The Indian government has announced significant reductions in Goods and Services Tax (GST) aimed at benefiting over 10 crore dairy farmers and enhancing the cooperative sector. Key changes include the removal of GST on milk and paneer, a reduction to 5% on butter and ghee, and similar cuts on processed foods and agricultural inputs. These reforms are expected to lower household expenses, stimulate demand, and promote sustainable farming practices, ultimately boosting rural entrepreneurship and income for cooperatives.

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