Exempt Cooperatives from GST for Equitable Growth, CPI-M Member Advocates in Rajya Sabha

CPI-M's V Siadasan has called for exempting cooperatives from GST, citing their role in promoting equitable growth and supporting vulnerable communities. He emphasized that removing GST would lower production costs and bolster local economies. Siadasan highlighted the critical economic and social benefits offered by cooperatives, especially in regions like Kerala.

In a compelling plea at the Rajya Sabha, CPI-M member V Siadasan urged the government to exempt cooperatives from the Goods and Services Tax (GST). Siadasan emphasized that cooperatives are essential for equitable growth and community-based enterprises, particularly in states such as Kerala.

He argued that cooperatives foster economic equality, social welfare, and inclusive development, operating on minimal profit margins mainly to cover operational costs. The imposition of GST, he noted, presents a severe challenge to these small entities by increasing their production costs and hindering their competitiveness.

Exemption from GST would significantly benefit local economies by ensuring price stability, improving member returns, and supporting sustainable community production systems. Such a move would help secure the livelihoods of farmers, artisans, women, self-help groups, and other marginalized communities.

(With inputs from agencies.)