Shivraj Singh Chouhan Convenes Meeting with Agricultural Equipment Producers to Secure GST Advantages for Farmers Beginning September 22nd
In a significant move aimed at reducing costs for farmers and making agriculture more profitable, the Government of India has slashed Goods and Services Tax (GST) on farm machinery and implements from 18% to 5%. This announcement was made by Union Agriculture and Farmers' Welfare Minister, Shivraj Singh Chouhan, during a meeting held in New Delhi today with representatives of leading agricultural machinery manufacturers.
The meeting, also attended by the Secretary, Agriculture & Farmers' Welfare, Government of India, along with representatives from leading industry bodies including TMA, AMMA, AICMA, and PTAI, was convened to ensure farmers benefit directly from the reduction in GST rates.
According to the estimates, farmers could save between Rs 41,000 and Rs 63,000 on tractors, Rs 11,875 less on power tillers, Rs 3,220 to Rs 4,375 on seed drills, nearly Rs 14,000 on multi-crop threshers, a sharp reduction of Rs 1,87,500 on harvesters, Rs 21,875 on straw reapers, and up to Rs 93,750 on balers.
Farmers are now set to receive a dual benefit: lower taxation and subsidies under existing government schemes. The government's priority remains to stand with cultivators during times of crisis, as reaffirmed by Minister Chouhan under the leadership of Prime Minister Narendra Modi.
The extensive promotion campaign launched by the Agriculture Ministry is aimed at ensuring widespread awareness about the GST rate cuts. The Government's latest tax rationalization is expected to encourage wider adoption of mechanisation, particularly among small and marginal farmers.
In a positive development, top food processing companies have pledged to pass on the benefits of GST rate cuts to consumers. Most products in the dairy sector now have GST rates of nil or 5% due to GST reforms.
Union Agriculture and Farmers' Welfare Minister Shivraj Singh Chouhan also announced he would be visiting Jammu and Kashmir later today to meet disaster-affected farmers. The GST Council's latest tax rationalization is set to benefit over eight crore rural dairy farmers, particularly small and marginal producers.
Domestic manufacturers may gain a stronger competitive edge under the Atmanirbhar Bharat initiative, as farmers begin to see the direct benefits of the revised GST rates from September 22. The Government's commitment to the agricultural sector is clear: a more profitable future for farmers.
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