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Decision to reduce Tax Rate on Fertilizers from existing 12 to 5 under GST taken in the interests of the Farmers

Goods and Services Tax - GST - Dated:- 1-7-2017 - Under GST regime, a uniform MRP of ₹ 295.47 per 50 kg bag to be fixed across the country GST regime to deter inter-state smuggling of fertilizers by integrating the entire fertilizer market into a Single Market Farmers to benefit to the tune of ₹ 1261 crores under GST regime: Shri Ananthkumar Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar briefed the media on the outcome of the 18th meeting .....

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y the Council, average weighted MRP will decrease to ₹ 5909/ Ton (or ₹ 295.47/ 50kg bag) as compared to the existing All India weighted Average of ₹ 5923/ Ton (or ₹ 296.18/50 kg bag). Consequent to the ushering in of the GST regime, Shri Ananthkumar informed, there will be a uniform MRP of ₹ 295.47 per 50 kg bag across the country except couple of States where additional VAT is charged on the natural gas as Natural gas has not been brought within the ambit of GST. H .....

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