{"id":363883,"date":"2020-07-21T10:45:05","date_gmt":"2020-07-21T05:15:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363883"},"modified":"2020-07-21T10:45:05","modified_gmt":"2020-07-21T05:15:05","slug":"petrol-diesel-costlier-in-andhra-pradesh-after-vat-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petrol-diesel-costlier-in-andhra-pradesh-after-vat-hike\/","title":{"rendered":"Petrol, diesel costlier in Andhra Pradesh after VAT hike"},"content":{"rendered":"<p>Petrol is now costlier by \u20b91.24 a litre and diesel by \u20b90.93 a litre in Andhra Pradesh as the state government has increased the value added tax or VAT on the two fuels. Amid a financial crunch led by the coronavirus pandemic and the subsequent lockdowns, the VAT hike will help the Andhra Pradesh government mop up additional annual revenue of \u20b9600 crore.<\/p>\n<p>The state government issued an order yesterday amending provisions of the Andhra Pradesh Value Added Tax Act, 2005. Under the new rates, petrol will be taxed at 31% along with an additional levy of \u20b94 while diesel will be taxed at 22.25% plus \u20b94 per litre, respectively.<\/p>\n<p>The state&#8217;s own resources have totally dried up because of reduction in revenues on account of the Covid-19-imposed lockdown. In April 2020, the state&#8217;s own revenues realised were only \u20b91,323 crore as against \u20b94,480 crore in April 2019, which was just 29.5 per cent of the total expected revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Petrol is now costlier by \u20b91.24 a litre and diesel by \u20b90.93 a litre in Andhra Pradesh as the state government has increased the value added tax or VAT on the two fuels. Amid a financial crunch led by the coronavirus pandemic and the subsequent lockdowns, the VAT hike will help the Andhra Pradesh government mop up additional annual revenue of \u20b9600 crore. The state government issued an order yesterday amending provisions of the Andhra Pradesh Value Added Tax Act, 2005. Under the new rates, petrol will be taxed at 31% along with an additional levy of \u20b94 while diesel [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-363883","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363883"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363883\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}