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of <h1>Karnataka Amends GST Rates: Fertilizers Now Taxed at 2.5%, Easing Financial Burden for Farmers. Effective July 1, 2017.</h1> The Government of Karnataka, under the Karnataka Goods and Services Tax Act, 2017, has amended the tax rates on fertilizers. Effective from July 1, 2017, the amendments include the addition of new entries in Schedule I, applying a 2.5% tax rate to specific mineral or chemical fertilizers, including nitrogenous, phosphatic, potassic, and those containing nitrogen, phosphorus, and potassium. Meanwhile, certain entries in Schedule II, previously taxed at 6%, have been removed. This notification aims to reduce the tax burden on fertilizers, enhancing affordability for agricultural purposes.
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