Thursday, April 26, 2012

Aviation Ministry opposes service tax hike

New Delhi: The Civil Aviation Ministry is learnt to have strongly opposed the budget proposal imposing a four-fold hike in service tax on air travel, terming it a retrograde step that would hit fliers and airlines very hard.
Ahead of the passage of the Finance Bill in Parliament, Civil Aviation Minister Ajit Singh is understood to have shot off a letter to the Finance Ministry protesting the proposal on the grounds that the move would not only hit passengers but spell more trouble for the airlines which were already reeling under severe financial stress.
Singh is believed to have said that the proposal to raise service tax from 10% to 40% of the gross ticket value would hit air travel by making it costlier.
26/04/12 Press Trust of India/Business Standard
To Read the News in full at Source, Click the Headline

0 comments:

Post a Comment