GoM reviewing GST on farm equipment and inputs: FM Nirmala Sitharaman
26-Mar-2025
A proposal to reduce goods and services tax (GST) on agricultural equipment and inputs is being reviewed by a Group of Ministers (GoM), Union Finance Minister Nirmala Sitharaman on Tuesday said in the Lok Sabha.
Responding to queries on the Finance Bill, 2025, Sitharaman said that a proposal to lower GST on farm inputs, including tractors, drip irrigation systems, fertilisers, and pesticides, to zero was discussed in the 45th GST Council meeting on September 17, 2021, but could not be agreed upon at the time. “Now the Group of Ministers is looking into it, so the items will be looked at by the GoM and they will take a call,” she added.
News Source:- https://www.business-standard.com/economy/news/gom-reviewing-gst-on-farm-equipment-and-inputs-fm-nirmala-sitharaman-125032501332_1.html
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