Mumbai: Centre should provide relief to loss making domestic airlines by absorbing the Rs 3,200 crore sales tax burden on aviation turbine fuel and ease rules regarding domestic and international operations, Cyrus Guzder chairman of AFL private Ltd said at an aviation summit in Mumbai on Tuesday.
State governments charge upto 25-28% sales tax on ATF, and high fuel costs along with a weak rupee have been responsible for moutning losses.
Guzder said the Centre should direct the states to scrap the sales tax on aviation fuel and compensate the states for the loss by absorbing the Rs 3,200 crore burden.
30/10/12 Aneesh Phadnis /Business Standard
To Read the News in full at Source, Click the Headline
State governments charge upto 25-28% sales tax on ATF, and high fuel costs along with a weak rupee have been responsible for moutning losses.
Guzder said the Centre should direct the states to scrap the sales tax on aviation fuel and compensate the states for the loss by absorbing the Rs 3,200 crore burden.
30/10/12 Aneesh Phadnis /Business Standard
