GST Cuts to Boost Kerala’s Spice, Coir, and Food-Processing Industries:

Lower GST rates on key products are set to boost Kerala’s spice, coir, and food-processing industries by cutting costs and spurring exports.
Lower Tax Rates To Boost Exports and Local Jobs

GST Cuts to Boost Kerala’s Spice, Coir, and Food-Processing Industries
Kerala’s spice, coir, and food-processing industries are expected to grow significantly after the government reduced GST rates on many key products, officials said on Wednesday.
The new GST cuts lowered costs by up to 11 percent for cashew processing, spices like Malabar pepper, and instant coffee. This helps producers and processors earn more and make their products more affordable.
The rate reductions are likely to increase exports, make products cheaper for consumers, and create more income opportunities across the state.
Official added, "From the spice gardens of Idukki and Wayanad to the coir factories of Alappuzha, the fisheries clusters of Kochi and Kannur, and the cashew corridor of Kollam, all of Kerala is set to gain. Beyond goods, the reforms extend to services, with tourism, Ayurveda, and wellness industries witnessing tax relief that enhances affordability and global appeal."
The new GST rates are:
- Cashew processing: from 12% and 18% to 5%
- Instant coffee and related products: from 18% to 5%
- Malabar pepper and extracts: from 18% to 5%
- Masala mixes: from 18% to 5%
- Processed pineapple products: from 12% to 5%
About Author
Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
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