Who: Andhra Pradesh cabinet
What: Decided to abolish VAT, CST on sugar factories
When: 16 December 2015
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