Vidhi Codex

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

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

Tax19875 sections

The Andhra Pradesh Interest Free Sales Tax Loans for Industries (Imposition of Ceiling) Act, 1987 sets a maximum cap on interest-free sales tax loans granted by the state government to industrial enterprises. Applying to all eligible industries within Andhra Pradesh, this legislation empowers the government to specify fiscal limits on financial incentives offered to businesses. Crucially, the ceiling applies regardless of any conflicting court judgments, decrees, or prior tribunal orders. This law matters because it enables the state to maintain fiscal discipline and manage public resources responsibly while still offering financial assistance to support local industrial growth.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title and Commencement
  3. 2. Sanction of Interest Free Sales Tax Loan
  4. 3. Ceiling on Interest Free Sales Tax Loan
  5. 4. Repeal of Ordinance No 1 of 1987

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