Micro-fertiliser industry demands 5% uniform GST, faster refunds before Budget
Business
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Moneycontrol•11-01-2026, 13:31
Micro-fertiliser industry demands 5% uniform GST, faster refunds before Budget
- •Indian Micro-Fertilizers Manufacturers Association urges Centre for uniform 5% GST on all FCO-notified fertilisers.
- •Seeks expedited refunds of excess GST credits to alleviate working capital stress for manufacturers.
- •Highlights inverted duty structure where raw materials attract higher GST than finished products, leading to credit accumulation.
- •Proposes 'One Nation, One Licence' system for ease of doing business and faster market access for products.
- •Aims to prevent classification disputes, promote innovation, and reduce compliance costs for manufacturers.
Why It Matters: Micro-fertiliser industry seeks uniform 5% GST, faster credit refunds, and unified licensing for growth.
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