Finance and Commercial Tax Minister Jagdish Deora has said that in view of the high production of in Malwa and Nimar South-West region of Madhya Pradesh, the clarification regarding non-liability of GST on storage and Warehousing of cotton will give relief to the cotton Industry.
In his address on various issues in the 47th meeting of the GST Council in Chandigarh today, Minister Deora supported the proposal of the Fitment Committee that there would be no liability of GST on the sale of all types of plots. He said that 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. 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.
Finance Minister Deora said that animal husbandry activities are conducted on a large scale in Madhya Pradesh. According to the 20th Animal Census 2019, Madhya Pradesh is ranked third in the countrys animal husbandry activities. Animal husbandry is an important part of the rural economy in the state.