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Tag: SISPA

Reduction of VAT on Cotton Urged at TN
Apparel and Textile News

Reduction of VAT on Cotton Urged at TN

South India Spinners Association (SISPA) has asked the Tamil Nadu government to reduce Value Added Tax (VAT) on cotton, cotton yarn and synthetic yarn from five per cent to two per cent to make the state’s spinning industry viable and enhance competitiveness of the smaller spinning units in the state. In a resolution adopted at […]

SISPA
Apparel and Textile News

SISPA For Reduction Of VAT On Cotton

The South India Spinners Association (SISPA) has urged Tamil Nadu Chief Minister, J Jayalalithaa to reduce VAT on cotton, cotton yarn and man-made yarn to two per cent from the present five per cent. Tamil Nadu’s share in the country’s total spinning capacity is around 55 per cent, but the state has deficient cotton production. […]

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