Exemption of GST on cotton storage will be a big relief to MP cotton industry: Finance Minister Deora

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July 02, 2022 Madhya Pradesh, June 29 (KNN) Finance and Commercial Tax Minister Jagdish Deora said the non-liability of GST on storage and warehousing of cotton will give relief to the Madhya Pradesh cotton industry.

During his address at the 47th GST council meeting in Chandigarh, Deora emphasised on the importance of Malwa and Nimar South-West region in the high production of cotton in the state.

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Deora also reinforced his support to the proposal of the Fitment Committee that there would be no liability of GST on the sale of all types of plots.

“This proposal would be useful in clearing the confusion between the real estate sector and the persons buying the plots. It will also help in the development of the real estate sector. It will also help in the development of the real estate sector,” he added.

The meeting was presided over by the Union Finance Minister Nirmala Sitharaman. On behalf of the state, Principal Secretary Commercial Tax Deepali Rastogi and Commissioner Commercial Tax Lokesh Jatav were also present at the meet. (KNN Bureau)

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