Campco Pushes for Unified Tax System to Aid Cooperatives
Campco seeks a uniform tax structure to mitigate local taxation disadvantages for cooperatives, amid rising challenges from illegal imports and high GST rates. The call for action includes reducing the GST on copper sulphate from 18% to support arecanut growers.
Theia Market Signal Identification - AI Assisted
Campco, the Central Arecanut and Cocoa Marketing and Processing Cooperative, is advocating for a unified tax structure to alleviate competitive disadvantages caused by local tax policies. Key issues include illegal imports that disrupt market pricing and an 18% GST on copper sulphate, a product used as a fungicide.
The cooperative is pressing for a reduction in GST to match the lower rate for its use as a micronutrient. The government has indicated a commitment to addressing these concerns and increasing enforcement against illegal imports, which pose a risk to domestic agricultural stability.
Comments