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Reduced GST Rates Revealed for Dairy, Food Processing, and Agriculture Industries

Exempted GST on all milk and paneer, whether they're branded or not. The tax burden on butter, ghee, and comparable goods drops significantly from 12% to 5%. Additionally, the GST on milk containers crafted from iron, steel, or aluminium also experiences a reduction, falling from 12% to 5%.

Revised taxation: Discover the updated levies for dairy, food production, and agricultural...
Revised taxation: Discover the updated levies for dairy, food production, and agricultural industries

Reduced GST Rates Revealed for Dairy, Food Processing, and Agriculture Industries

In a significant development, the Goods and Services Tax (GST) rates have been revised for several key sectors, including dairy, food processing, and agriculture.

The GST reforms, implemented in 2025, now apply to farmers in the agriculture sector. However, specific changes in GST rates for farmers have not been publicly disclosed.

The dairy sector has seen a revision in GST rates, but the exact new rates have not been specified. Similarly, the revised GST rates for household items and the food processing sector have also been announced, but the details are yet to be made public.

The packaging sector, logistics, and other related sectors have not been mentioned in the recent GST rate revisions.

In other business news, several Initial Public Offerings (IPOs) have been making headlines. Shringar House of Mangalsutra, Dev Accelerator, Urban Company, and Amanta Healthcare are among the companies that have announced their IPOs. While these IPOs have been generating interest in the stock markets, there is no specific information available about their new GST rates.

It's worth noting that some companies like Just Eat have been active with technological innovations, but there is no direct link to GST tax rate adaptation in the available information.

The GST rates for household items have also been revised, but the specific changes have not been detailed in this article.

As always, we will continue to monitor developments in this area and bring you updates as they become available. Stay tuned to ET Now Digital for the latest news and insights on the GST rate revisions and their impact on various sectors.

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