Micro-Fertiliser Industry Seeks Uniform GST, Faster Refunds Ahead of Budget
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Micro-Fertiliser Industry Seeks Uniform GST, Faster Refunds Ahead of Budget

The Indian Micro-Fertilizers Manufacturers Association is urging the government to implement a uniform 5% GST on all fertilizers notified under the Fertiliser Control Order ahead of the Union Budget. The industry also seeks expedited refunds for excess GST credits, which currently lock up working capital due to an inverted duty structure. Additionally, a unified licensing system is requested to eliminate state-wise duplication and streamline operations, aiming to ease working capital stress and encourage investment in quality and farmer outreach.

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