Related Keywords: implementation of GST, raw cotton, tax on cotton, tax on waste cotton, Waste cotton traders
R. Senthil, co-ordinator of the waste cotton traders's association, said raw cotton attracts 1 % cess in the State and waste cotton also attracts 1 % market cess.After the implementation of GST most of the States that were collecting the cess have removed the tax levied on cotton or waste cotton.Tamil Nadu contintues to collect it.
Under GST, cotton attracts 5 % duty. Hence, there is no need for another cess, he said. About 10,000 traders handle up to eight lakh kg of waste cotton a month in the State.
