At pre-budget meet with FM, farmers demand scrapping of GST on agri inputs
3 months, 3 weeks ago

At pre-budget meet with FM, farmers demand scrapping of GST on agri inputs

Hindustan Times  

A delegation of farmers, which met Union finance minister Nirmala Sitharaman last week, has sought scrapping of the Goods and Services Tax on farm inputs, two people who attended the meeting said on Monday. Union finance minister Nirmala Sitharaman Sitharaman held a pre-budget consultation with the farmers and farm economists on Saturday where she sought suggestions, and took note of various issues and demands of the farming community, the people cited above said. The finance minister listened to our demands, took notes and assured that all possible steps to decrease costs of cultivation will be taken,” said Dharmendra Malik, national spokesperson of Bharatiya Kisan Union. The FM told the delegation that the Modi government had taken several unprecedented policies to benefit farmers and it will never let farmers to suffer, Malik said, adding the FM “assured” to look into the issue of GST on agricultural commodities.

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History of this topic

Opposition leaders press for simplification, reduction of GST
6 days, 9 hours ago

Opposition leaders press for simplification, reduction of GST

Live Mint  

New Delhi, Mar 24 Opposition members on Monday demanded the government to simplify and reduce the Goods and Services Tax as it is putting the burden on the poor. Participating in the debate on the Finance Bill 2025, Supriya Sule said GST needs lots of reform, and there is a need to bring down rates. The Finance Minister should answer …

Haryana CM demands GST exemption on 10 agricultural tools from Centre
1 week, 4 days ago

Haryana CM demands GST exemption on 10 agricultural tools from Centre

Hindustan Times  

Seeking exemption in GST on 10 agricultural implements used in crop residue management from the Central government, Haryana chief minister Nayab Singh Saini said the exemption will encourage farmers to adopt these technologies more widely, helping to prevent air pollution caused by the stubble burning. Haryana chief minister Nayab Singh Saini In a letter sent in this regard to Union …

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
3 months, 1 week ago

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing

The Hindu  

A much-anticipated review of the Goods and Services Tax levies on life and health insurance policies was put off by the apex body in charge of the indirect tax regime, the GST Council at its 55th meeting on Saturday, as some members sought more discussions on the matter before taking a final call. Moreover, rate rationalisation suggestions pertaining to about …

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%
3 months, 1 week ago

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%

ABP News  

The 55th Goods and Services Tax Council, chaired by Union Finance Minister Nirmala Sitharaman, made multiple key announcements on Saturday. The council also agreed to impose a uniform 18 per cent tax rate on used cars, including electric vehicles, purchased by businesses. Additionally, the council decided to lower the tax rate on fortified rice kernels from 18 per cent to …

Nirmala Sitharaman holds pre-budget consultations with farm groups
3 months, 3 weeks ago

Nirmala Sitharaman holds pre-budget consultations with farm groups

Hindustan Times  

NEW DELHI: Union finance minister Nirmala Sitharaman held a key pre-budget consultation with a large farmers’ delegation and farm economists on Saturday, where she sought suggestions and took note of various issues and demands of the farming community, two participants said on Monday. The farmers union also asked Nirmala Sitharaman to enhance the cash benefit under the PM Kisan scheme …

Farmers’ delegation meets Nirmala Sitharaman, seek GST exemption on agricultural equipment
4 months, 3 weeks ago

Farmers’ delegation meets Nirmala Sitharaman, seek GST exemption on agricultural equipment

The Hindu  

A delegation of farmers’ met Union Finance Minister Nirmala Sitharaman here on Friday and sought that agricultural equipment and ingredients used for cultivation be exempted from Goods and Services Tax. The delegation was led by State Sugarcane Cultivators Association president Kurubur Shanthakumar who submitted a memorandum listing their demands Mr. Shanthakumar said GST on agricultural equipment and other products used …

Rice sold in retail likely to attract GST
8 months, 1 week ago

Rice sold in retail likely to attract GST

The Hindu  

Two recent communications of the Central government have indicated that rice sold in retail, irrespective of the quantity that is packaged, may soon attract 5% GST. M. Sivanandan, president of Tamil Nadu Rice Millers Welfare Forum, said the two communications were circulated widely on social media and many rice millers and traders did not have clarity. However, when the Legal …

Pre-Budget talks: Farm outfits, agri-food industry meet Finance Minister, raise issues on GST, MSP
2 years, 4 months ago

Pre-Budget talks: Farm outfits, agri-food industry meet Finance Minister, raise issues on GST, MSP

The Hindu  

Finance Minister Nirmala Sitharaman held pre-Budget interactions with representatives of farmers, cooperatives, and agro-food industries here on Monday. While farmers’ organisations said they were not getting any input tax credit in the GST regime and demanded legalised MSP in the upcoming session of the Parliament, industry associations urged the Centre to lift the ban on exports of various agriculture produces …

Explained | What is the controversy over GST levies on food?
2 years, 8 months ago

Explained | What is the controversy over GST levies on food?

The Hindu  

The story so far: From July 18, a 5% Goods and Services Tax has been levied on several food items and grains that are sold in a pre-packed, labelled form even if they are not branded. The 5% tax on unbranded packed food items was approved by the GST Council in late June and was part of a broader set …

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman
2 years, 8 months ago

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on July 19 clarified the GST Council has exempted from Goods and Service Tax, all food items including wheat, pulses, rice, maize, when sold loose, and not pre-packed or pre-labelled. pic.twitter.com/U21L0dW8oG — Nirmala Sitharaman July 19, 2022 The Finance Minister explained the process of decision making on the GST rate changes for pre-packed and pre-labelled, unbranded …

GST Meet Highlights: GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted, Says FM
2 years, 9 months ago

GST Meet Highlights: GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted, Says FM

News 18  

Finance minister Nirmala Sitharaman announced the outcome of the 47th Goods and Service Tax Council meeting on Wednesday. “Highlight of this meeting was that we could consider, discuss and decide on four Group of Ministers reports on exemptions, correction of inverted duty structure, finance minister,” said while announcing the outcome of the 47th GST meeting. The GST Council also decided …

Agriculture Minister to take up industry's demand on reducing GST on pesticides with FM Sitharaman
2 years, 9 months ago

Agriculture Minister to take up industry's demand on reducing GST on pesticides with FM Sitharaman

The Hindu  

Agriculture Minister Narendra Singh Tomar on Thursday assured the agro-chemicals industry that he would take up the industry's demand to reduce GST on pesticides to 5% from 18% with the Finance Minister. On the industry's demand to reduce GST on pesticides, Mr. Tomar said the matter related to this subject is being dealt by the GST Council. Mr. Tomar said …

Union Budget 2020-21: Farm experts pitch for scrapping GST on agri-inputs in wish list
5 years, 3 months ago

Union Budget 2020-21: Farm experts pitch for scrapping GST on agri-inputs in wish list

Firstpost  

Removing of GST on agri-inputs, revamping crop insurance scheme, considering land lease rental for fixing MSP and banning futures trade in agri-commodities are among the suggestions made by farm experts during their pre-Budget meeting with Finance Minister Nirmala Sitharaman New Delhi: Removing of GST on agri-inputs, revamping crop insurance scheme, considering land lease rental for fixing MSP and banning futures …

GST officers prodding businesses to deposit taxes by March 31 to meet fiscal target
5 years, 11 months ago

GST officers prodding businesses to deposit taxes by March 31 to meet fiscal target

India TV News  

Racing against time to meet the GST collection target for 2018-19, tax officers have been prodding businesses to pay taxes by Sunday so that the amount gets reflected in the GST revenue collection data for March to be released on April 1, a government official said. The government had lowered the GST collection target for 2018-19 fiscal to Rs 11.47 …

Withered hopes
7 years, 4 months ago

Withered hopes

The Hindu  

TWO SUCCESSIVE bad years in terms of earnings on account of demonetisation and its persisting ripple effects, compounded by widespread apprehensions on how the Goods and Services Tax regime will play out on the ground, have left farmers of Uttar Pradesh with an overwhelming sense of despair on the eve of the anniversary of demonetisation and amid the spluttering start …

Assocham seeks review of GST rates for agricultural inputs
7 years, 8 months ago

Assocham seeks review of GST rates for agricultural inputs

India TV News  

Industry lobby Assocham on Wednesday urged the government to lower the Goods and Services Tax rates for select agricultural inputs, failing which use of chemical fertilisers will get a boost. Biofertilisers and biological control agents are taxed at 12 per cent rate while branded organic manure attracts 5 per cent tax under the GST. "The GST Council has recommended far …

GST Council cuts tax rate on fertiliser to 5 per cent
7 years, 9 months ago

GST Council cuts tax rate on fertiliser to 5 per cent

India TV News  

Just a couple of hours before the Goods and Services Tax roll out, the all-powerful GST Council tonight reduced the tax rate on fertiliser to 5 per cent from previously decided 12 per cent. The GST Council, in another move to give relief to farmers, also cut tax rate on exclusive parts of tractors from 28 per cent to 18 …

Has fear, uncertainty around GST contributed to fall in crop prices?
7 years, 9 months ago

Has fear, uncertainty around GST contributed to fall in crop prices?

Live Mint  

New Delhi: Fear and uncertainty around the rollout of goods and services tax, in addition to a bumper harvest and demonetisation, has contributed to a sharp drop in farm commodity prices in the past few months, according to traders, analysts and an NCDEX commodity exchange report. The fall in farm gate prices in the past few months fuelled farmers protests …

GST rollout will make foodgrains, milk, veggies up to 5% cheaper, says finance ministry
7 years, 9 months ago

GST rollout will make foodgrains, milk, veggies up to 5% cheaper, says finance ministry

Firstpost  

The government has exempted cereals, pulses, atta, maida and besan from the GST, which will be implemented from 1 July. New Delhi: The government today said foodgrains, flour, milk, vegetables and fruits will get cheaper by up to 5 percent once the Goods and Services Tax is rolled out. “Due to no GST on these items, most of them are …

Andhra Pradesh asks Centre to reduce GST rate on regional cinemas
7 years, 9 months ago

Andhra Pradesh asks Centre to reduce GST rate on regional cinemas

Deccan Chronicle  

Amaravati: The Andhra Pradesh government has requested the Centre to consider reducing tax burden on some of the goods and services like hardware, biogas, cashew kernels, textiles, restaurants, fertilisers, tractors and regional cinemas under the new GST regime. "As per the rates finalised at the GST Council meeting on May 18 and 19, the tax burden on some of the …

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