Mint Explainer: What do the GST Council's latest tax cuts mean for India's farmers?
New Delhi, Oct. 15 -- Farmers stand to pay less for seed storage, tractor maintenance, and coffee processing after the Goods and Services Tax (GST) Council moved to extend and clarify concessional tax rates across key agricultural activities and inputs.
The decisions, taken at the council's 57th meeting on 8 October, address gaps in the existing framework that denied tax relief to certain farm-related inputs and post-harvest services due to rigid processing, storage or supply rules.
Mint breaks down key decisions and what they mean for farmers.
The council's decisions cover four areas of agricultural activity. It exempted storage and warehousing services for seeds meant for sowing, created a separate exemption for coffee-curing service...
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