Micro-fertiliser industry demands 5% uniform GST, faster refunds before Budget
India
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CNBC TV18•11-01-2026, 12:25
Micro-fertiliser industry demands 5% uniform GST, faster refunds before Budget
- •The Indian Micro-Fertilizers Manufacturers Association seeks a uniform 5% GST on all FCO-notified fertilisers.
- •Industry faces an inverted duty structure, leading to accumulated input tax credit and locked working capital.
- •Association urges a clear, time-bound mechanism for quick refunds of excess GST credits to ease working capital stress.
- •A common GST rate aims to ensure a level playing field, prevent classification disputes, and promote innovation.
- •The industry also proposes 'One Nation, One Licence' for a centralised digital repository to streamline licensing.
Why It Matters: Micro-fertiliser industry seeks uniform 5% GST, faster credit refunds, and 'One Nation, One Licence' before Budget.
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