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» Govt. mulls GST hike for farmers welfare fund
4th June 18

Goods and Services Tax (GST) rates could rise by 1% to finance a Farmer Welfare Fund, according to a proposal under consideration of a Group of Ministers (GoM) set up by the GST Council.

The hike is seen as an alternative to a sugar cess that had been proposed by the government to alleviate distress among sugar cane farmers.

The ministerial group, tasked with considering the sugar cess and a reduction in the GST rates on ethanol, held its second meeting in Mumbai on Sunday.