news
The recent rationalisation of Goods and Services Tax (GST) rates in India, according to Minister Amit Shah, significantly benefits cooperatives in the dairy, food processing, agriculture, and rural sectors. With reductions from 12% to 5% or even nil in some categories, products like milk and paneer now enjoy more competitive
GST rationalisation
The recent GST rate rationalisation in Mizoram has reduced taxes on key agricultural products and services, including a cut from 18% to 5% on processed Mizo Bird’s Eye Chilli, ginger, turmeric, and bamboo products. This initiative aims to benefit farmers, promote exports, create jobs in local food units, and
GST rationalisation
The GST Council has approved a significant reduction in GST rates for the road transport and automobile sector, lowering rates for two-wheelers, cars, tractors, and buses. This reform aims to make vehicles more affordable, enhance logistics efficiency, stimulate demand, and support MSMEs, ultimately promoting cleaner mobility and job creation across
GST rationalisation
The Government of India has introduced GST rate rationalisation measures aimed at reducing costs and enhancing competitiveness across various sectors. Key reforms include the elimination of the value threshold for GST refunds on low-value e-commerce exports, benefiting small exporters and MSMEs. The changes are expected to lower input costs, streamline