New Delhi, Dec. 10 -- The Fertiliser Association of India (FAI) is seeking two key GST clarifications to alleviate the financial strain on the fertiliser industry, lower GST on raw materials like ammonia and sulphuric acid from 18% to 5%, matching the tax rate on final fertiliser products.

Speaking to ANI, S Sankarasubramanian, Chairman of the Fertiliser Association of India (FAI), said this would reduce production costs and make fertilisers more competitive as GST-related issues are affecting phosphatic fertiliser makers.

The FAI Chairman, however, added that recent tax reforms have eased but not eliminated the buildup of unused tax credits.

"See, currently in phosphatic fertilisers the output fertiliser carries 5 per cent GST and inp...