The Telangana Small Scale Industries (Restriction on Sales Tax Holiday) Act, 1995

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Tax19952 sections

This Act regulates sales tax exemptions for small scale industries in Andhra Pradesh, retroactively effective from October 1989. It applies to eligible small scale businesses established between October 3, 1989, and March 31, 1995, excluding certain industrial sectors and enterprises located within the municipal limits of Hyderabad, Visakhapatnam, and Vijayawada. The law matters because it limits the five year sales tax holiday to a maximum of thirty five lakh rupees or one hundred percent of their fixed capital investment, whichever is lower. This statutory limit overrides any conflicting court judgements, protecting state revenues by restricting tax holiday claims.

Start reading →Read full ActSections

1. Short title and commencement.
2. Restriction on Sales Tax Holiday.

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