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SISPA demand reduction in VAT rate presently levied on cotton

Related Keywords: cotton production not sufficient, cotton yarn, high logistic cost, increase production cost, J Jayalalithaa, man made yarn, meet needs of mills, on cotton, reduce VAT to two percent, SISPA, source from other states, South India Spinners Association, urged TN chief minister

The South India Spinners Association (SISPA)stating that the cotton production in the state is not sufficient to meet the needs of mills are force to source it from other states have urged the Tamil Nadu Chief Minister J Jayalalithaa to reduce VAT on cotton, cotton yarn and man-made yarn from the present five percent to two percent.

Pakistan govt propose imposition of standard ST on cotton in 2015-16 budget

Related Keywords: and shortage of certified seed, applicable on import of cotton, cotton target set for next season, government proposes imposition of, import and supply of plant and machinery, on cotton, Pakistan upcoming budget, rains/floods, revised due to water shortage, standard sales tax, to generate revenue

The government of Pakistan in the upcoming budget 2015-16 has proposed imposition of standard sales tax on cotton with a view to generating about Rs 50 billion revenue. Currently, sales tax exemption is available on local cotton a 5 percent sales tax is applicable on the import of cotton.

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