Shivraj Singh Chouhan today chaired an important meeting to discuss the latest GST (Goods and Services Tax) reforms for agricultural machinery, in New Delhi. Representatives from the Tractor and Mechanization Association (TMA), Agricultural Machinery Manufacturers Association (AMMA), All India Combine Manufacturers Association (AICMA and Power Tiller Association of India (PTAI), among others, participated both in person and virtually.
Speaking to media persons after the meeting, Shri Chouhan thanked Prime Minister Shri Narendra Modi for the GST rate cuts and shared the details of the discussions. He said that GST on agricultural machinery, earlier at 12% and 18%, has now been reduced to 5%, effective from September 22. This reduction will directly benefit farmers, the Minister said. He stressed that the Central Government has pledged to ensure an increase in farmers’ incomes, which requires both raising productivity and reducing costs, and mechanisation is vital to achieving both.
The Union Minister said that, during the meeting, all representatives of machine manufacturers associations were told that the reduced GST rates, effective from September 22, should directly benefit farmers with full transparency. Shri Chouhan said that the reduction in GST rates is a big step, which will have a widespread impact. Later, pointing out the significant price reductions, he said:
Even small tractors used in horticulture and weeding will see cost reductions. A 4-row paddy transplanter will now be cheaper by ₹15,400, while a 4-tonne-per-hour multi-crop thresher will cost ₹14,000 less. A 13-HP power tiller will also cost ₹11,875 less.
Further price reductions include:
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