LatestGoods & Service Tax (GST) 15 October 2026
GST Council Tax Cuts Slash Costs for Indian Farmers
The GST Council has reduced tax rates on key agricultural inputs, lowering costs for Indian farmers on seed storage, tractor maintenance, and coffee processing. The cuts aim to ease cash flow pressures and boost farm profitability, with the new rates expected to take effect from the next filing period.
The GST Council has trimmed GST rates on several farm‑related services, giving farmers immediate cost relief.
- Seed storage: lower GST rate reduces storage fees.
- Tractor maintenance: reduced tax eases service expenses.
- Coffee processing: cut in GST lessens processing costs.
These changes are intended to improve cash flow and profitability for farmers across India. For full details, read the Livemint article.
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