Andhra Govt slashes VAT on jet fuel to 1 pc

Andhra Pradesh Government today slashed value-added tax (VAT) on aviation turbine fuel (ATF) to just 1 per cent from 16 per cent.
An order to this effect was issued here this evening.
Hitherto, the State Government was charging 16 per cent VAT on jet fuel, according to Principal Secretary (Commercial Taxes) S P Singh.