Fertiliser business faces ITC pile-up despite revision
Published on: Sept. 10, 2025, 12:20 a.m. | Source: The Economic Times
Fertiliser companies face a GST input tax credit accumulation issue. This is due to the subsidy-related price inversion. The output value is lower than the input value. Federation of Indian Chambers of Commerce & Industry has requested Nirmala Sitharaman for clarification on refund eligibility. Companies warn of working capital pressures.
