1. GST rollout, launch in India: Reduce rate on crop protection chemicals, says CropLife India

GST rollout, launch in India: Reduce rate on crop protection chemicals, says CropLife India

GST rollout: Industry body CropLife India today demanded that the government reduce the GST rate of 18 per cent on crop protection chemicals, saying the high rate will burden farmers.

By: | New Delhi | Published: June 30, 2017 2:30 PM
gst, gst rollout, gst launch, gst impact on crop production, gst impact on crop products, gst impact on agricultural products Crop protection products are being taxed higher when compared to other agri-inputs. For instance, seeds are exempted, while 12 per cent GST is slapped on both fertilisers and tractors, he said. (Representative Image: IE)

“The GST rate for crop protection products needs to be reassessed and reduced from 18 per cent to the lowest denominator possible. This step will safeguard equality across all agricultural units and reduce the unnecessary encumbrance on the farmer,” CropLife India Director Rajshekhar Sakhalkar said in a statement while demanding GST rate reduction on crop protection chemicals. “The high rate will burden farmers. The historic Goods and Services Tax (GST), which will subsume over a dozen taxes including excise, service tax, VAT and other local levies, is slated for a mid-night launch from July 1,” he further said. Crop protection products are being taxed higher when compared to other agri-inputs. For instance, seeds are exempted, while 12 per cent GST is slapped on both fertilisers and tractors, he said.

“Putting crop protection chemicals in a higher bracket increases the burden on farmers,” he said, and added that GST introduction has left farmers “confused and worried” despite a good monsoon. CropLife India is an association of R&D-based crop science industry with a membership of 14 companies engaged in the manufacture, import and distribution of crop protection products.

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