Only Products Containing Nitrogen, Phosphorus, or Potassium Should be Classified as Fertilizer: AAAR

The Appellate Authority for Advance Ruling (AAAR) has clarified that only products containing nitrogen, phosphorus, or potassium should be classified as fertilizers under GST. This ruling impacts the classification and taxability of various agricultural products. The decision aims to ensure consistency in the GST regime, aligning the classification with the chemical composition of the products to avoid disputes and ensure proper tax application.