Campco Advocates for Uniform Tax Structure to Support Cooperatives
Campco urges a 'One Nation, One Tax' policy to eliminate competitive disadvantages faced by cooperatives due to local taxes. Key issues include illegal imports of arecanut impacting domestic prices and a high GST rate on copper sulphate used in agriculture.
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The Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) is advocating for a unified tax system to support cooperatives against competitive disadvantages posed by local taxation. During meetings with Union Ministers, Campco highlighted challenges for arecanut growers, including illegal imports affecting market prices and the high GST rate of 18% on copper sulphate used as a fungicide.
The delegation requested a reduction in this GST rate to align it with the lower rate applied when the product is used as a micronutrient. The government has expressed commitment to addressing these issues and enhancing vigilance against illegal imports, which threaten domestic agriculture.
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