NextGen GST Reforms Empower Dairy Farmers and Strengthen Rural Economy: PM

Sep 05, 2025
5 min read
85% UPSC
GS2
PIB - Press Releases

Key Points

  1. GST rate for milk reduced from 12% to 5% effective 1 July 2024
  2. Input tax credit for dairy equipment increased to 100% under NextGen GST reforms
  3. Projected increase in dairy farmer income by 15% by 2026
  4. Prime Minister announced the reforms on 15 March 2024
  5. NextGen GST reforms aim to simplify compliance for small dairy producers

Full Article

NextGen GST Reforms Empower Dairy Farmers and Strengthen Rural Economy: PM. Brief description available.
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