GST reforms

Union Minister to Discuss GST Reforms for Agricultural Machinery

Official Press

Official Press

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Union Agriculture Minister Shri Shivraj Singh Chouhan will chair a meeting to discuss GST reforms aimed at reducing rates on agricultural machinery from 12-18% to 5%. The meeting will include representatives from various agricultural machinery associations to ensure that the benefits of the GST reduction reach farmers effectively. The rate cut is expected to lower machinery prices by 7-13%, benefiting farmers and enhancing the competitiveness of local manufacturers under the Atmanirbhar Bharat initiative.

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