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Air India, IndiGo and SpiceJet have asked the government to bring aviation turbine fuel under GST, emphasising that such a move will help in reducing the operating costs for the airlines.
India’s leading domestic airlines have urged the Centre to bring ATF under the GST regime at a rate of 5 per cent with full ITC, arguing that the move would significantly reduce operating costs, improve airline liquidity and make air travel more affordable.
In a curtain-raiser to the India Energy Week 2025 , Union Oil Minister Hardeep Singh Puri indicated that Aviation Turbine Fuel (ATF) is likely to be brought under the Goods and Services Tax (GST) in the near future, signalling a potential change in aviation fuel taxation.
Punjab finance minister Harpal Singh Cheema on Monday opposed the agenda of bringing air turbine fuel (ATF) under the ambit of Goods and Services Tax (GST) saying that it would pave the way for removing petroleum products from the Value Added Tax (VAT).
Economic Affairs and Revenue Secretary Ajay Seth on Sunday, December 22, explained the GST Council’s cautious approach to key issues discussed during its recent meeting. Speaking about the deliberations on GST relief for insurance, Seth told CNBC-TV18 that the Group…
Given India’s ideal geographical position, placed between major Asian and European countries, stakeholders in the aviation industry have been long advocating policy measures which will facilitate India to emerge as a passenger and aircraft maintenance, repair and operations hub in…
The finance ministry has not yet taken a view on the civil aviation ministry’s plea for tax cuts on jet fuel (ATF) to bring down prices, a top source said on Wednesday. Civil Aviation Minister Jyotiraditya Scindia has been making…
Source : Times of India dated 06.02.2022 The Centre will move the issue of bringing aviation turbine fuel (ATF) under the GST net for discussion in the next meeting of the GST Council, finance minister Nirmala Sitharaman said on Sunday,…