Not known Factual Statements About Campco Appeals for GST Reduction to Boost Arecanut and Agricultural Inputs
Not known Factual Statements About Campco Appeals for GST Reduction to Boost Arecanut and Agricultural Inputs
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The memorandum stated, “Arecanut plantations in Sullia, Koppa and Madikeri taluks were wrecked on account of prevalence of Yellow Leaf Disease. The farmers are devastated as These are not able to repay the loans resulting from massive losses. The government need to waive farmer's financial loans availed from cooperative societies and prolong financial guidance to farmers switching about to alternate crops.
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Given this success, the Council may perhaps take into consideration extending this required authentication necessity nationwide for people deemed suspicious or higher-risk inside their GST registration makes an attempt.
ARDF has actually been conducting exploration and holding equipment fairs in order to update farmers with the latest systems. The federal read more government should announce financial help on the tune of Rs five crore to ARDF, he added.
Aiming to relieve the fiscal burden on farmers, Campco President A Kishore Kumar Kodgi penned an in depth letter 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 and also significantly curtail tax evasion commonplace in informal buying and selling networks.
Kodgi emphasised the necessity for these steps to safeguard farmers’ livelihoods and make sure market place integrity. TNN
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“it is actually noticed the unscrupulous trader network lures agriculturists to offer their create to the unorganised sector with out creating paperwork for this kind of transactions. Gullible agriculturists slide prey towards the smaller charge benefit remaining handed on because of the unscrupulous traders by way of evaded taxes, and don't provide their generate to cooperatives for sale.
In addition to tax revisions, Kodgi urged the government to reduce the Customs Duty on advanced agricultural applications, specifically carbon fibre poles, that happen to be indispensable for tasks like fungicide spraying and crop harvesting.
The point out federal government has furnished economic help on the tune of Rs one crore towards the Arecanut investigation and advancement Foundation (ARDF). it's been conducting research and organising machinery expos to update the farmers with most current technologies.
A media assertion by MIA explained This can be the optimum quantity on the crop the ICT has taken care of because it started off domestic cargo operation on may perhaps 1, 2023.
Justifying the need to bring down the GST levy on arecanut, the CAMPCO officers claimed, “Only cooperatives like us remit one hundred% GST to the government.
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