Tuesday, March 18, 2008

AP Cabinet Approves Sales Tax Slash On ATF

Hyderabad: The Andhra Pradesh Cabinet on March 17 permitted the lowering of sales tax (ST) from 33 per cent to 4 per cent on aviation turbine fuel (ATF) along with bringing down professional tax from 14 to 4 per cent. The professional tax cut is set to gain about 10 lakh employees. According to Government sources, the Cabinet also permitted the dissolution of Hyderabad Urban Development Authority and creation of Hyderabad Metro Development Authority to govern the urban area in and around Hyderabad.

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