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SISPA appeals to TN govt to reduce VAT on cotton on from 5% to 2%

Related Keywords: appeal to TN government, cess on sales of cotton, cotton waste, cotton yarn and synthetic yarn from five percent to two percent, export incentives, reduce VAT on cotton, SISPA, South India Spinners Association

South India Spinners Association (SISPA) has appealed to the Tamil Nadu government to reduce VAT on cotton, cotton yarn and synthetic yarn from 5 percent to 2 percent, abolish the one percent cess on sale of cotton and cotton waste and facilitate marine discharge by establishing processing centres in costal areas for cost effective processing of yarn, fabrics and finishing goods, to make the state's spinning industry viable, when sold within or in other states.

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