AN ANALYSIS OF IMPACT OF GOODS AND SERVICES TAX ON FARMING INCOME

Indirect taxes in India were replaced by the Goods and Services Tax (GST), which was implemented in July 2017. This significant change aims to eliminate the cascading effect of taxes by merging various indirect taxes into one. This taxation overhaul has affected every sector of the economy. Although farmers do not pay taxes directly, they are still subject to taxes on several agricultural inputs like Fertilisers, Plant growth Regulators, Pesticides, Agriculture Machinery etc. This research intends to explore the impact of GST on income of farmers. The study employs both primary and secondary data. Primary data was gathered from 90 farmers in the Harda district of Madhya Pradesh, while secondary data was sourced from various websites and publications. The data is analysed through various tools like tables, frequency distribution and Paired t test is used for testing of hypothesis.