Notification No. 18/2017
Date: June 30, 2017
Subject: Reduction of GST rates on fertilisers.
Description:
This notification amends Notification No. 1/2017–Central Tax (Rate) to reduce the CGST rate on mineral or chemical fertilisers from 6% to 2.5% and correspondingly reduce the IGST rate from 12% to 5%. Fertilisers are shifted to Schedule I to lower the tax burden on agriculture inputs.
Issued for earlier notification?
Yes — amends Notification No. 1/2017–Central Tax (Rate).