Does GST decrease on tractors, fertilizers and pesticides? The government can also reduce the tax on agricultural equipment

There is a great news about GST in agriculture. At the time, the goods and service tax (GST), fertilizers and pesticides may be reduced. Finance Minister Nirmala Siddaraman told the Lok Sabha that the government is considering the tax exemption of agricultural equipment. The zero GST is in agricultural entries such as tractor, drip irrigation system, fertilizer and pesticides.

The Finance Minister, who gave information about this, said, “Now it is considering a panel of ministers. Therefore, the decision will be made only after considering these items. Please say that the Lok Sabha has passed the 2025 Finance Bill. At this time, Siddaraman made clear the GST structure of Krishna -related items. He said there was no GST in the seeds. Similarly, 5 percent of fertilizers and zero tax on handmade tools. GST at a rate of 12 percent of tractors. The pumps that use agricultural use and 12 percent GST have.

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Farmers’ GST Cut needed

GST cuts on agricultural products have long demanded farmers, which will significantly reduce their input costs in agriculture. Responding to the debate on the financial bill passed by the Lok Sabha, Nirmala Siddaraman defended the GST system as “progressive”, and that 28 percent is more than 3 per cent for the highest GST slab general consumption products.

He said GOM is holding a meeting to assess tax rates and recommendations to the GST Council for GST. Siddaraman said Siddaraman said that the population had to face an average of 7.3 per cent GST rate at an average of 7.3 per cent and was 12.2 per cent by March 2023.

Waiting for the end of the gom

Everyone now has the attention of whether the government is reduced by the GST in agricultural products. The Finance Minister has said that GOM is considering it. If GST decreases in agricultural tools and other inputs, farmers will get great relief, as agricultural cost will increase the purpose of profit. The government is also constantly focusing on doubling the income of the farmers. Considering this, reducing GST rates will help the government’s campaign.

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