GST Reduction on Agricultural Inputs Under Review, Says FM Sitharaman

Finance Minister Nirmala Sitharaman stated that the GST reduction on agricultural inputs is under active review. The government is assessing the impact of current GST rates on farmers and the agricultural sector, considering potential reductions to alleviate financial burdens. The review aims to balance revenue collection with the need to support agricultural productivity and affordability. Stakeholders have raised concerns about the high input costs impacting farmers' income. The government is examining various proposals and data to make an informed decision. The outcome of this review will significantly affect the agricultural sector's economic landscape, potentially leading to revised GST rates on fertilizers, pesticides, and farm equipment.