Indian Government to Lower Taxes on fertilizers

 

 

http://www.thehindu.com/business/Industry/govt-likely-to-lower-gst-on-fertilizers-from-12/article19188352.ece

 

 

The article details the likliness of Indian government to reduce taxes on fertilizers. As compared to other states and in the earlier tax regime , the fertilisers figured in the NIL tax category to help the farmers and growers to lower their cost of production.

 

Topics include Taxes , Incidence of taxation , consumer surplus , producer surplus , welfare gain/loss. Explain using diagrams for Incidence of Tax.

 

Evaluation will cover discussion on need for subsidies /Nil taxes on fertilizers and impact of taxes on fertilizers , producers , consumers , government and society in short term and long term.

mindpads.org@gmail.com