The central government has decided to simplify the GST structure by implementing only two slabs: 5 percent and 18 percent. Farmers have welcomed this change, stating that this move by Prime Minister Narendra Modi will be instrumental in reducing costs and providing relief to consumers.
Jodhpur News: The Narendra Modi-led central government has brought about a major reform in GST rates with the objective of providing relief to farmers and common consumers. It was decided in the 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, that only two major tax rates, 5 percent and 18 percent, will now be applicable. Farmers have described this decision as a commendable step, as it will lower the cost of agricultural operations and make goods cheaper in the market.
Major Change in GST: Tax on Agricultural Machinery Reduced
The central government has reduced the GST rate on machinery and equipment related to the agricultural sector to 5 percent. This will reduce the cost for farmers and enable them to easily benefit from modern agricultural machinery.
Jodhpur farmer Tulcharam Sivar said that earlier they had to bear losses due to higher GST on machinery and the inability to avail input tax credit. Now, this change will directly provide relief to farmers and help them adopt modern farming practices.
Organic Farming and Drip Irrigation to Get a Boost
Farmers believe that this decision will promote organic farming and make agriculture sustainable. Especially in water-scarce regions like western Rajasthan, higher yields will be possible with less water through drip irrigation technology.
Experts say that the reduction in tax will also promote the production of healthy and toxin-free crops. This step will make agriculture more robust and profitable for the future.
Farmers Welcome Government's Decision
There is enthusiasm among farmers due to this decision by the government, and they have called it a 'farmer-friendly step'. Farmers say that this change will help in making farming cheaper and profitable, as well as in adopting modern technology.
Tulcharam Sivar and other farmer leaders stated that this decision by Prime Minister Narendra Modi and the central government will increase investment in the agricultural sector and farmers will be able to benefit for a long time.
