Tag: tractors tax cut
Economy & Public Policy
GST Reform 2025: India cuts GST on tractors and farm machinery to 5%, promising big savings for farmers
India has slashed GST on tractors, farm machinery, parts, and irrigation gear to 5%, down from 12–18%. CBIC’s September 3, 2025 move cuts costs for farmers, with savings of Rs 25,000–63,000 on new tractors and cheaper inputs like bio-pesticides and micronutrients. Milk and cheese are zero-rated, while butter and ghee get reduced rates. The reform aims to speed up mechanization and boost rural demand.
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