NOT KNOWN FACTS ABOUT CAMPCO APPEALS FOR GST REDUCTION TO BOOST ARECANUT AND AGRICULTURAL INPUTS

Not known Facts About Campco Appeals for GST Reduction to Boost Arecanut and Agricultural Inputs

Not known Facts About Campco Appeals for GST Reduction to Boost Arecanut and Agricultural Inputs

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Sumit Sharma on Is the supply under SAC 998351 to be classified being an exempt source or considered as a nil-rated provide?

ARDF continues to be conducting investigation and holding machinery fairs so that you can update farmers with the newest systems. The federal government really should announce financial help to the tune of Rs 5 crore to ARDF, he included.

Aiming to ease the economic load on farmers, Campco President A Kishore Kumar Kodgi penned an in depth letter website to Finance Minister Nirmala Sitharaman, urging a reduction in GST on arecanut from 5% to 2%. Kodgi emphasised that this type of reduction wouldn't only incentivize farmers to transact through cooperatives but will also considerably curtail tax evasion prevalent in informal buying and selling networks.

Chief Minister Sawant's prudent fiscal method involved issuing bonds worth Rs one,800 crore rather than exhausting the borrowing Restrict, supporting Goa's financial system relying on tourism and smaller-scale industries.

Requesting the GST Council to reduce the amount of arecanut from 5 for every cent to 2 for every cent, he said these steps would really encourage farmers to market their generate to cooperatives and regulated internet marketing committee platforms, and would discourage them from likely to unregulated traders who do not remit applicable tax to The federal government.

mentioning that arecanut plantations in Sullia, Koppa and Madikeri have already been destroyed on account of Yellow Leaf sickness, the representation requested CM to waive off farmers' financial loans availed with the cooperative societies and likewise lengthen money aid to farmers likely in for alternate crops.

Importers are exploiting misleading techniques such as disguising arecanut as dry fruits or fish meal to stay away from detection,” he stated in the letter.

Campco also urged The federal government to lower customs duty on Carbon Fibre poles so that you can enable farmers develop into self-sufficient.

while in the letter, CAMPCO assures the organization’s commitment to advocating for insurance policies that benefit the agricultural sector and improve the financial conditions of farmers over the nation.

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Referring to this, Kodgi explained only cooperatives remit one hundred for each cent GST to the Government. The cooperatives usually are not in a position to deliver justice to the farmers as they've only fifteen per cent publicity in the entire arecanut market.

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