New Delhi, Dec. 10 -- The Fertiliser Association of India (FAI) is seeking key GST clarifications to alleviate the financial strain on the fertiliser industry, S Sankarasubramanian, Chairman of the Fertiliser Association of India (FAI) told ANI today.

Speaking to ANI, Sankarasubramanian said this would reduce product costs and make fertilisers more competitive as GST-related issues are affecting phosphatic fertilisers.

The FAI Chairman, however, added that recent tax reforms have eased but not eliminated the buildup of unused tax credits.

"See, currently in phosphatic fertilisers, the output fertiliser carries 5 per cent GST and input raw materials, which were at 18 per cent corrected to 5 per cent. Despite the recent cut, the structur...