Day 17
Agriculture & FoodSkim2025-09-03
GST Council Reduces Rates on Aquaculture Products
What Happened
During the 56th GST Council Meeting, the government reduced GST rates on over 20 aquaculture and fisheries products from 12-18% down to 5%. This reduction applies to essential inputs like fish feed ingredients, farm equipment, water conditioners, and fishing nets.
Why It Matters
The move aligns with PMMSY goals by lowering production costs for farmers and boosting the global price competitiveness of Indian seafood exports.
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