Quick Summary
Union Agriculture Minister Shri Shivraj Singh Chouhan to hold meeting on GST Reforms for Agricultural Machinery Representatives of all organisations related to tractors and farm mechanisation to attend meeting with Shri Chouhan Measures to ensure full benefits of GST rate reduction reach farmers to be discussed Union Minister for Agriculture Farmers' Welfare, and Rural Development, Shri Shivraj Singh Chouhan will chair an important meeting today (Friday) in New Delhi to discuss the GST ref
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The meeting aims to discuss GST reforms for agricultural machinery and ensure that farmers receive the full benefit of the recent GST rate reduction.
Representatives from the Tractor and Mechanization Association (TMA), Agricultural Machinery Manufacturers Association (AMMA), All India Combine Harvester Manufacturers Association (AICMA), Power Tiller Association of India (PTAI), and other related organisations are attending.
The previous GST rate on agricultural machinery and equipment was between 12% and 18%.
The new GST rate on agricultural machinery and equipment has been reduced to 5%.
The GST rate cut is expected to reduce the prices of tractors and other machinery for farmers by 7-13 percent.
Farmers will also gain the dual benefit of subsidy schemes combined with the lower taxation from the GST cut.
CAclubindia
