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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 .....

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of the GST Council, held here on 30th June 2017, regarding Fertilizer sector. The Minister said that it was decided to reduce the GST rate of fertilizers from the existing 12% to 5%. This decision was primarily taken in the interests of the farmers. .....

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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 r .....

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