Vidhi Codex

The Telangana Interest Free Sales Tax Loans for Industries (Imposition of Ceiling) Act, 1987

The Telangana Interest Free Sales Tax Loans for Industries (Imposition of Ceiling) Act, 1987

Tax19874 sections

This law regulates interest-free sales tax loans offered by the government to support industrial development. It applies to new and expanding industrial units in Telangana established between 1976 and 1984, excluding those in major municipal areas like Hyderabad, with a fixed capital of one crore rupees or more. Crucially, the act imposes a maximum loan ceiling of ten lakh rupees per industry. This matters because it retroactively limits government spending on industrial incentives and overrides conflicting court judgments or prior orders, ensuring clear financial boundaries for state-sponsored assistance programs targeting regional business expansion.

Start reading →Read full ActSections
  1. 1. Short title 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.

PDF: pending for this language.