New Delhi: States will lose around Rs 2,500 crore in taxes annually on account of the Centre's decision of to allow domestic airline companies to directly import aviation turbine fuel (ATF).
"The direct import of ATF by aviation companies will cause a revenue loss of Rs 2,500 crore to the states. Although the Centre has protected their revenues, the move will impact revenues of states," Bihar Deputy Chief Minister Sushil Kumar Modi, who heads a panel of state finance ministers on GST, told reporters here.
Last month, the Centre had allowed debt-laden local airlines to import jet fuel directly, thereby enabling them to avoid sales taxes ranging between four per cent and 30 percent levied by state governments.
03/03/12 PTI/Zee News
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