GST Reduction on Apple Cartons Benefits Himachal Farmers
- Breaking NewsHIMACHALSHIMLA
- July 22, 2024
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GST Reduction on Apple Cartons Benefits Himachal Farmers
The recent reduction in GST on cartons from 18% to 12% is set to benefit apple farmers in Himachal Pradesh. This decision by the Central GST Council, now formalized by the central government, promises to lower apple production costs. Here’s a detailed breakdown:
Cost Reduction: Apple carton prices will drop by ₹3 to ₹5, making them available at ₹60 to ₹65 instead of the previous ₹65 to ₹70.
Economic Impact: With an economy valued at ₹5000 crore, Himachal Pradesh’s apple sector involves over 9.6 lakh families. Lower production costs are a significant relief.
Advocacy and Response: Farmers and horticultural organizations have been advocating for GST reductions and subsidies to curb rising production costs. The 6% GST reduction on cartons is a direct response to these demands.
Government Action: The central government’s notification follows the GST Council’s recommendation, showing a responsive approach to the agricultural sector’s needs.
This GST reduction not only aids in reducing costs but also supports the broader economic stability of apple farming families in the state.
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