No reduction in VAT on fuel, says Gujarat FM on state budget for 2021-22

State estimates GST shortfall of Rs 25,000 cr

Announcing the state budget for 2021-22 with a surplus of Rs 588 crore without any change in taxes, Gujarat deputy chief minister and finance minister Nitin Patel on Wednesday said that the government would not be reducing value added tax (VAT) on petrol and diesel.

Talking to mediapersons on Wednesday post budget, Patel said that the state's VAT on fuel was lower than 14 other states and hence, the government had no plans of reducing the same. Patel presented the budget with a size of Rs 2.27 trillion, up by Rs 9,742 crore from 2020-21 while making major provisions for education