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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.
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).