Thursday, June 07, 2012

Ajit Singh asks FM to revert to earlier service tax rates

New Delhi: Concerned over high service tax substantially raising air ticket prices, Civil Aviation Minister Ajit Singh has urged Finance Minister Pranab Mukherjee to revert to the earlier rates which were capped at Rs 100 and Rs 500 per domestic and international ticket.
Noting that jet fuel prices in India were significantly higher than in most parts of the world due to high tax rates, he has also strongly advocated a slew of measures to make aviation turbine fuel (ATF) cheaper, including bringing it under the 'Declared Goods' category to attract a uniform lower rate of Value Added Tax (VAT).
Regarding the new rates of service tax on tickets, Singh, who has written a letter to Mukherjee, said "I have requested Hon'ble Finance Minister to revert back to the earlier rate of service tax on domestic as well as international tickets."
06/06/12 PTI/ZeeNews
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