Relief for fertilizer companies as GST Council may okay refunds due

Some relief to the fertilizer companies is on the cards as the GST Council is likely to recommend issuance of a circular for releasing refunds due as a result of inverted duty structure and subsidy.  The Council is expected to meet after the general elections.  Inverted Duty Structure (IDS) refers to higher duty on input and lower duty on output. Fertilizer attracts five per cent GST whi…