Andhra Pradesh govt rules out VAT cut on fuels

The Andhra Pradesh government on Sunday ruled out any reduction in value-added tax on petrol and diesel and blamed the Centre for not adequately compensating the state despite collecting Rs 3.35 lakh crore as Central Excise.

As opposition parties mounted pressure on his government demanding a cut in VAT, in line with the Centre’s decision to reduce Excise Duty on petrol and diesel, the Jagan Mohan Reddy regime put out full page advertisements in several newspapers to spell out its stand on the issue.