Andhra Pradesh Government announced a reduction in sales tax on aviation turbine fuel (ATF) from the existing 33% to 4%. The reduction would mean a loss of Rs 50-60 crore annual revenue to the government.
Andhra Pradesh cuts sales tax on Aviation Turbine Fuel (ATF) to 4%
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That is a huge drop in sales tax for that particular area. I wonder if something like that could ever happen in any other sector?