Indian Prime Minister Urged to Review Tax on Agricultural Goods under GST

Punjab Chief Minister Amarinder Singh has urged Prime Minister Narendra Modi to review the tax rates imposed on agriculture related goods under the Goods and Services Tax (GST) to provide relief to farmers, according to an article on India.com.

In a letter to the Prime Minister, copies of which were released to the media here, Amarinder expressed concern at the increased rates of taxation under GST on agricultural inputs, including implements and drip irrigation equipment, which had witnessed a hike from 5 per cent under VAT to 18 per cent under GST a hike of a whopping 13 per cent.

Citing data, the chief minister pointed out that while VAT on fertilisers had been 2 per cent, the GST now was 5-18 per cent.
Likewise, from a VAT of 12.5 per cent, tax on insecticides had increased to 18 per cent under the GST regime.

Read more at India.com.

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