NextGen GST cuts milk tax to 5%, boosting dairy farmer incomes and rural growth.
GST, introduced in 2017, is a major indirect tax affecting all sectors. The dairy sector, employing over 10 million smallholders, faced high tax rates and limited credit, constraining formalisation. Reducing milk tax and expanding input credit aligns with the government's agenda of agricultural growth, fiscal rationalisation, and rural livelihood enhancement.
GS‑2 (Agriculture, Rural Development, Fiscal Policy). Candidates can assess the reforms' impact on farmer incomes, formalisation of the dairy value chain, and fiscal implications for the exchequer.
NextGen GST cuts milk tax to 5%, boosting dairy farmer incomes and rural growth.
GST, introduced in 2017, is a major indirect tax affecting all sectors. The dairy sector, employing over 10 million smallholders, faced high tax rates and limited credit, constraining formalisation. Reducing milk tax and expanding input credit aligns with the government's agenda of agricultural growth, fiscal rationalisation, and rural livelihood enhancement.
GS‑2 (Agriculture, Rural Development, Fiscal Policy). Candidates can assess the reforms' impact on farmer incomes, formalisation of the dairy value chain, and fiscal implications for the exchequer.
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GST rates on agricultural commodities
Tax incentives and agricultural productivity
Fiscal policy and rural development