Finance Ministry to examine uniform GST treatment for micronutrient fertilisers

The Ministry of Finance is examining the possibility of imposing a uniform GST rate on micronutrient fertilisers currently subjected to varying GST rates ranging from 5% to 12%. This review aims to rationalize tax treatment and reduce complexity in the fertiliser supply chain. A uniform GST rate is expected to promote transparency, ease compliance for manufacturers, and potentially reduce end-user costs. The ministry is consulting stakeholders to finalize a strategy balancing revenue interests and agricultural sector support. Ensuring consistent GST rates will help fertiliser companies streamline pricing and distribution, thereby benefiting farmers with predictable fertiliser costs.