No VAT on inter-state sale of textiles

HYDERABAD: The state government has clarified that there would be no tax on the inter-state sale of textiles from Andhra Pradesh.Commissioner for commercial taxes Suresh Chanda held a meeting with the Andhra Pradesh Federation of Textile Associations, an apex body of a large number of regional textile associations on Monday.Textile dealers with an annual turnover below `5 lakh have been exempted from the tax whereas dealers with an annual turnover below `40 lakh will be levied tax at the rate of only 1 percent.There will be no tax on fabrics, textiles, zari and embroidery articles.