https://www.taxtmi.com/news?id=54643 A regulatory overhaul of the Goods and Services Tax regime approved by the GST Council consolidates rate slabs into a two-tier structure effective at the start of Navratri and lowers taxes on consumer goods and agricultural inputs. Key agricultural items such as tractors, fertilisers, irrigation equipment and related machinery are shifted from higher tax bands into a lower consolidated rate, intended to reduce agricultural production costs and ease the tax burden on farmers, small traders, and MSMEs. en-us Thu, 04 Sep 2025 18:46:03 +0530 Thu, 04 Sep 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54643 A regulatory overhaul of the Goods and Services Tax regime approved by the GST Council consolidates rate slabs into a two-tier structure effective at the start of Navratri and lowers taxes on consumer goods and agricultural inputs. Key agricultural items such as tractors, fertilisers, irrigation equipment and related machinery are shifted from higher tax bands into a lower consolidated rate, intended to reduce agricultural production costs and ease the tax burden on farmers, small traders, and MSMEs. News - Thu, 04 Sep 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=54643