The government announced on Thursday that the 56th GST Council had approved sweeping tax rationalisations on milk and milk products, aimed at boosting demand in India’s ₹19 lakh crore dairy industry.
The Ministry of Fisheries, Animal Husbandry & Dairying said in a statement that the reforms, approved on Wednesday, represent one of the most comprehensive overhauls of GST rates in the sector.
Under the revised structure, most dairy products will either be tax-exempt or attract only a 5% GST rate.
The ministry said the reforms would directly benefit over 8 crore rural farmer families, especially small, marginal, and landless labourers dependent on rearing milch animals.
Lower taxes are also expected to reduce operational costs and curb adulteration in the dairy supply chain.
India produced 239 million tonnes of milk in 2023–24, accounting for nearly 24% of global milk production. The domestic dairy market was valued at ₹18.98 lakh crore in 2024.
“These recent GST reforms will give a major boost to productivity and competitiveness in the dairy sector while ensuring sustainable livelihoods,” the ministry stated.
Also Read: Congress’ Bihar-Bidi Post Triggers Political Storm; NDA Leaders Launch Offensive
Double gold medallist Neeru Dhanda will carry India’s national flag at the 2026 Asian Games…
Ayushmann Khurrana’s ‘Udta Teer’ will now release in cinemas on October 23, with the makers…
The eighth PM Mementoes e-auction has been extended till October 31, with 30 Delhi-themed items…
Maharashtra Chief Minister Devendra Fadnavis said the Dharavi Experience Centre will give residents a first-hand…
Prime Minister Narendra Modi praised Captain Smit Machchhar’s courage, saying his actions saved lives and…
Captain Smit Machchhar told PM Modi how he fought the cockpit attacker while chanting Hanuman…