New regime will be incentive for farm mechanisation

Recent GST rate adjustments are poised to boost India's agricultural sector, particularly benefiting small farmers. Reduced taxes on drip irrigation, bio-pesticides, and composting machines aim to promote sustainable farming practices. The fisheries sector will also see lower operational costs, enhancing competitiveness. Dairy experiences changes, with UHT milk and paneer now tax-exempt, while other milk products attract a 5% GST.