AP cabinet decided to abolish VAT, CST on sugar factories

Dec 17, 2015 11:00 IST

Andhra Pradesh Cabinet chaired by Chief Minister N Chandrababu Naidu on 16 December 2015 decided to abolish VAT (Value-added tax), CST (Central Sales Tax) on Sugar factories.

State’s Finance Minister Y Ramakrishnudu, said that a bill regard to do away the VST and CST taxes would be tabled in the Assembly.

VAT is governed by respective state Acts and every state has a separate and distinct VAT act reserved for their state.

CST is governed by Central Sales Tax Act, 1956 and is governed by a single central act, though the chargeability is state specific.

Some other decisions taken during the cabinet meet that was held in Vijayawada were
• The Cabinet approved hiking of wages of Anganwadi workers
• The cabinet permitted 15 top foreign universities and 20 top universities in the country to establish their campuses in the state
• It decided to extend the lease of land given to the industrial purpose to 99 years

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes4 People Agreed

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK