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 […]

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September 8, 2015
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Textile Mills To Stop Sales For A Week

About 500 mills affiliated to South India Spinners Association (SISPA) have decided not to sell or deliver yarns for one week from third week of this month to avoid the traders from creating a situation to source yarn at lower prices. SISPA president, C Varatharajan told newsmen in Combatore that the decision which is applicable […]

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August 12, 2015
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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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June 8, 2015
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Tag: SISPA

Reduction of VAT on Cotton Urged at TN

Textile Mills To Stop Sales For A Week

SISPA For Reduction Of VAT On Cotton