RATE OF TAX ON FERTILIZERS REDUCED FROM 6% TO 2.5% UNDER CGST AND SGST/UTGST
The Goods and Services Tax Act, 2017 came into force
with effect from 1.7.2017 in India.
The Government of India has reduced rate of tax on minerals
or chemical fertilizers etc. with effect from 1.7.2017 as shown below:
S.No.
|
Chapter / Heading / Sub-heading / Tariff item
|
Description
of Goods
|
(1)
|
(2)
|
(3)
|
182A
|
3102
|
Mineral or
chemical fertilisers, nitrogenous, other than those which are clearly not to
be used as fertilizers
|
182B
|
3103
|
Mineral or
chemical fertilisers, phosphatic, other than those which are clearly not to
be used as fertilizers
|
182C
|
3104
|
Mineral or
chemical fertilisers, potassic, other than those which are clearly not to be
used as fertilizers
|
182D
|
3105
|
Mineral or
chemical fertilisers containing two or three of the fertilising elements
nitrogen, phosphorus and potassium; other fertilisers; goods of this Chapter
in tablets or similar forms or in packages of a gross weight not exceeding 10
kg; other than those which are clearly not to be used as fertilizers”;
|
The reduced rate of tax is effective from 1.7.2017
|
||
To view the
Central Government Notification click the link given below:
http://www.cbec.gov.in/resources//htdocs-cbec/gst/Notification18-CGST.pdf
http://www.cbec.gov.in/resources//htdocs-cbec/gst/Notification18-CGST.pdf