Seek to reduce the rate of Central Tax, Union Territory Tax, on fertilisers from 6% to 2.5% and Integrated Tax rate on fertilisers from 12% to 5%

GOVERNMENT OF INDIA MINISTRY OF FINANCE

(Department of Revenue)

Notification No. 18/2017-Union Territory Tax (Rate)

New Delhi, the 30th June, 2017

G.S.R. 808(E).- In exercise of the powers conferred by sub-section (1) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017-Union Territory Tax (Rate), dated the 28th June, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 710(E), dated the 28th June, 2017, namely:-

2. In the said notification,-

(i) in Schedule I – 2.5%, after serial number 182 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely:-

(1) (2) (3)
“182A 3102 Mineral or chemical fertilisers, nitrogenous, other than those which are clearly not to be used as fertilizers
182B 3103 Mineral     or    chemical    fertilisers,    phosphatic, other     than    those which are clearly not to be used as fertilizers
182C 3104 Mineral or chemical fertilisers, potassic, other than those which are clearly not to be used as fertilizers
182D 3105 Mineral     or chemical     fertilisers containing two or three of            the  fertilising elements nitrogen, phosphorus and potassium; other fertilisers; goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg; other than those which are clearly not to be used as fertilizers”;

(ii) in Schedule II – 6%, serial numbers 66, 67, 68 and 69 and the entries relating thereto shall be omitted.

3. This notification shall come into force with effect from the 1st day of July, 2017.

[F.No.354/117/2017-TRU]

(Mohit Tewari)

Under Secretary to the Government of India

More Under Goods and Services Tax

Posted Under

Leave a Reply

Your email address will not be published. Required fields are marked *