Fertilizer Sector Alert: National Fertilizers’ ₹3.84 Billion Tax Notice Sends Ripples

Government-owned fertilizer company National Fertilizers Limited (NFL) has been issued two major tax demand orders worth ₹3.84 billion by Indian tax authorities. The two orders, released by the Joint Commissioner of Central Tax, Guntur, are for amounts of ₹1.94 billion and ₹1.9 billion respectively, representing a test of the company's tax compliance.

This growth underscores the regulatory challenges to public sector enterprises in India, particularly in those industries that are vital to national food security.

 

Sources: Economic Times, National Fertilizers Limited Official Release, India Today