Fertilizer companies to benefit from GST cut on phosphoric acid to 12% from 18%: ICRA

The recent reduction of the Goods and Services Tax (GST) on fertiliser-grade phosphoric acid to 12% from 18% earlier is likely to be marginally positive for fertilizer manufacturers as it will benefit them in terms of lower input tax credits that will result in lower working-capital blockage, says r

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via Fertilizer companies to benefit from GST cut on phosphoric acid to 12% from 18%: ICRA