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The Southern India Mills’ Association has appealed to the State Government to bring down the VAT rate from 5 per cent to 2 per cent
Association representatives had met the State Finance Minister and Secretary in this regard recently.
“We were told that our request would be considered on a trial basis initially before regularising it,'' SIMA Chairman T Rajkumar said, at the inaugural session of the 7th CEO Conference at The Residency this morning.
The association is gearing up to conduct TexFair 2015 and the second edition of SIMA Farm to Finish between January 9 and 12 at the Codissia Trade Fair Complex here.
Over 70 per cent of the stalls for the ensuing fair have already been booked, the SIMA Chief said.
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