After introduction of GST, all India weighted average MRP of Urea has decreased by 71 paise per bag: Shri Mansukh L. Mandaviya
Last Updated at August 1, 2017 16:20 IST
After introduction of GST, all India
weighted average MRP of Urea has decreased by 71 paise per bag: Shri Mansukh L. Mandaviya .
Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Shri Mansukh L. Mandaviya, in a written reply to a question in Lok Sabha today, informed that the all India
weighted average MRP of Urea has decreased by 71 paise per bag. Therefore, the farmers have directly benefitted from GST.
Further, there is adequate availability of all subsidized chemical fertilizers across the country and there is no report of any shortage, the Minister added. .
Shri Mandaviya stated that GST being an Indirect Tax, the dealers and manufacturers collect it for Government and deposit it to the Government treasury. Prior to the implementation of GST, the farmers of different States were paying different taxes (Excise Duty and VAT) ranging between 1% to 7%. With the introduction of uniform GST at 5%, the farmers of different States are liable to pay uniform tax amount. The prices of P&K fertilizers have decreased in majority of States after implementation of GST, he added. .
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
First Published: Tue, August 01 2017. 16:20 IST