The GST Council has reduced GST rates on key agricultural equipment and inputs to support farmers, lower farming costs, and encourage mechanization.
Key GST Reductions in Agriculture
Tractor Tyres & Parts - 18% to 5%
Tractors - 12% to 5%
Specified Bio-Pesticides, Micro-Nutrients - 12% to 5%
Drip Irrigation System & Sprinklers -12% to 5%
Agricultural, Horticultural & Forestry Machines (for soil preparation, cultivation, harvesting & threshing) - 12% to 5%
Summary
- Farming machinery, inputs, and nutrients are now much cheaper due to a sharp GST cut.
- The move helps reduce costs for farmers and boosts agricultural productivity.
- Supports the vision of Aatmanirbhar Bharat in agriculture.