New Delhi, Oct. 18 -- Dairy cooperatives, led by the maker of Amul butter, have asked finance minister Nirmala Sitharaman to tax them on a par with companies, after last month's reduction of corporate tax left them paying a higher rate.
"Amul and other cooperative organisations feel that the sector should also be charged on a par with corporates as they are farmer-oriented," said Gujarat Cooperative Milk Marketing Federation (GCMMF) director RS Sodhi, in a letter to the finance minister. ET has seen a copy of the letter.
While corporate tax has been slashed to 22% from 30%, the farmer-led dairy cooperatives continue to be taxed at the earlier 30% rate.
Growing at a Fair Clip
This puts GCMMF, the maker of Amul butter, chocolates and ice c...