Vidhi Codex

The Andhra Pradesh Interest Free Sales Tax Loan for Industries (Imposition of Ceiling) Act, 1987

The Andhra Pradesh Interest Free Sales Tax Loan for Industries (Imposition of Ceiling) Act, 1987

Tax19874 sections

The Andhra Pradesh Interest Free Sales Tax Loan for Industries (Imposition of Ceiling) Act, 1987 places a maximum ceiling on interest free sales tax loans provided by the state government to industrial enterprises. Applicable to industrial businesses seeking financial assistance within Andhra Pradesh, the legislation empowers the government to limit loan amounts regardless of any prior court judgments, decrees, or tribunal decisions. The Act matters because it safeguards public treasury funds from unlimited liabilities, ensuring strict fiscal control while maintaining predictable, standardized financial support for industrial development across the state.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Sanction of Interest Free Sales Tax Loan
  3. 3. Ceiling on Interest Free Sales Tax Loan
  4. 4. Repeal of Ordinance No 1 of 1987

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