The Central Government notified the rates approved by GST Council on Fertilizers under the Central Goods and Services Tax Act (CGST) Act, Union territory Goods and Services Tax (UTGST) Act and the Integrated Goods and Services Tax (IGST) Act. As per the notification, Mineral or chemical fertilisers are taxable at 5% rate.
Earlier, the 18th meeting of the GST Council before the GST launching had decided to reduce the tax of fertilisers from 12 per cent to 5 per cent. Finance MinisterĀ Arun Jaitley, who chaired the meet, said the decision was taken over apprehensions that the price of crop nutrient may increase.
Read the full text of the Notification below.
