<h1>GST on Fertilizers Slashed from 12% to 5%, Saving Farmers Rs. 1261 Crores, Unifying Market Prices Nationwide.</h1> The government has reduced the GST rate on fertilizers from 12% to 5% to benefit farmers, resulting in a projected savings of Rs. 1261 crores for them. This change, announced after the 18th GST Council meeting, aims to standardize the market with a uniform MRP of Rs. 295.47 per 50 kg bag nationwide, except in states with additional VAT on natural gas. The new GST regime is expected to lower fertilizer prices and deter interstate smuggling by creating a single market, aligning with the vision of a unified national market under one tax system.