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AMMONIA GST RATE
Iran war impact: Essential drugs may cost up to 5% more, for nowThe immediate net consumer impact could be 3-5% higher prices, or roughly similar to what consumers paid before the late-September cuts in ...- Fertiliser companies may get relief as subsidy inversion issue lingersIn light of ongoing challenges within the fertiliser sector, the government is actively pursuing strategies to assist companies struggling ...
- Fertiliser business faces ITC pile-up despite revisionFertiliser companies face a GST input tax credit accumulation issue. This is due to the subsidy-related price inversion. The output value i...
- IESA hails GST 2.0, terms it a step forward to meet India's energy storage needsIndia Energy Storage Alliance welcomes the new GST 2.0. It sees it as a significant step for India's energy storage needs. The GST Council ...
- GST rate cut on raw materials offers lifeline to struggling fertilizer manufacturersThe reduction in GST rates on key fertilizer raw materials like sulphuric acid and ammonia to 5% has relieved the industry, according to SF...
- Govt says GST rate cut to make fisheries sector more competitiveThe government's GST rate cut for the fisheries sector aims to boost competitiveness in both domestic and export markets. Reduced rates on ...
- Parag Milk, other agriculture and dairy stocks rally up to 7% after GST cutsAgri and dairy stocks like Parag Milk, Dodla Dairy, and Kaveri Seeds gained up to 7% after the GST Council slashed rates on fertilisers, fa...
- FAI seeks cut in GST rates for fertiliser raw materials, refund of accumulated input tax creditThe Fertiliser Association of India (FAI) has urged the government to reduce GST rates on key raw materials like ammonia and sulphuric acid...
- Abu Dhabi company Ocior Energy wins bid to supply green hydrogen to HPCL at Visakh RefineryOcior Energy secured a bid to supply 5,000 tonnes of green hydrogen annually to HPCL's Visakhapatnam refinery at ₹328 per kg, excluding GST...
- Fertilizer stocks plummet up to 9% as GST Council refers exemption recommendation to GoMFertilizer stocks like Fertilizers & Chemicals Travancore, GNFC, GSFC, Madras Fertilizers fell up to 9% as the GST council referred a recom...
- GST council refers Par panel recos to cut GST on fertiliser to Group of MinistersTalking to reporters after the 53rd GST council meeting, Keshav said the proposal to reduce the GST rate on fertilisers has been referred t...
- What is expected from the GST Council meeting today?The GST council may delay the inclusion of petroleum products under GST and the much-awaited rate rationalization. Discussions may also foc...
- GST Council likely to deliberate on online gaming tax, Par panel recommendation on fertiliserThe GST Council is set to discuss various issues in its upcoming meeting, including taxation on online gaming and the recommendation to low...
- Government should propose to GST Council to cut tax rates on fertilisers from current 5 per cent: Parliamentary panel"The issue to further reduce GST on fertilisers was placed before the GST council in its 45th and 47th meetings held in September 2021 and ...
- Budget 2021: Fertiliser industry seeks cut in import duty on non-urea raw materialsIn its budget proposals sent to the Finance Ministry, the FAI has also sought the government to exempt raw materials/ intermediates from cu...
- Fertilizer imports surge in third quarterHigher imports were mainly due to pre-stocking ahead of the rabi season and a rise in prices of raw materials.
- Fertilizer companies to benefit from GST cut on phosphoric acid to 12% from 18%: ICRAThe cut in GST is likely to be positive for fertilizer manufacturers as it will benefit them in terms of lower input tax credits that will ...
- Favourable monsoon augers well for demand in fertiliser sector: Kapil MehanThe sowing activity is at its peak across the country, so overall it is it augers very well for the fertiliser sector.
- Fertiliser makers warn of price rise because of 18% GST rateThe GST Council has fixed the GST rate of l2 % for fertilisers and l8% for inputs, namely phosphoric acid and ammonia, which go in to the m...
- High GST may badly hit fertiliser makers, farmers alikeFarmers will end up paying higher for fertilisers, while fertiliser manufacturers will have to face the heat of a high GST that they may fi...
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