New Delhi, Jan. 11 -- The Indian Micro-Fertilizers Manufacturers Association (IMMA) has written to the union Government pressing for major policy changes ahead of the union Budget 2026-27 to support the fertiliser sector's competitiveness and ease of business.
In its pre-budget recommendations, the industry body has urged the Centre to extend the reduced 5 per cent Goods and Services Tax (GST) uniformly to all fertilisers notified under the Fertiliser Control Order (FCO).
The call comes even after the introduction of GST 2.0, which cut tax rates on certain Schedule 1G items and their mixtures from 12 per cent to 5 per cent, a move the association described as a "landmark reform" but one that still leaves an inverted duty structure on cert...