New Delhi, June 30 (IANS) The Goods and Services Tax (GST) Council on Friday slashed the rate on fertiliser from 12 per cent to 5 per cent to reduce the burden on farmers.
Finance Minister Arun Jaitley disclosed this information after the Council meeting here, hours before the roll-out of the new indirect tax regime.
"Some states had kept VAT on fertilisers at lower rate. Keeping that in mind, it was decided that the GST rate on fertilisers will be at 5 per cent," Jaitley said.
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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