Bhubaneswar: The state cabinet today gave its nod to the reduction of value added tax (VAT) on the aviation turbine fuel (ATF) from the current 20 per cent to 5 per cent to ensure growth of aviation sector.
The move is expected to woo airlines operators to start international flights from Biju Patnaik International Airport.
Chief secretary Jugal Kishore Mohapatra said: “Biju Patnaik International Airport has become ready to handle international flights. If VAT on aviation fuel is reduced, it would attract commercial airlines to operate international flights from Bhubaneswar.”
The reduction of VAT on the ATF will not only boost air connectivity, but also make the city airport an international hub for re-fuelling. It may also add to the development of a cargo terminal. The Telegraph carried several reports on ATF in the past.
28/11/13 Telegraph
To Read the News in full at Source, Click the Headline
The move is expected to woo airlines operators to start international flights from Biju Patnaik International Airport.
Chief secretary Jugal Kishore Mohapatra said: “Biju Patnaik International Airport has become ready to handle international flights. If VAT on aviation fuel is reduced, it would attract commercial airlines to operate international flights from Bhubaneswar.”
The reduction of VAT on the ATF will not only boost air connectivity, but also make the city airport an international hub for re-fuelling. It may also add to the development of a cargo terminal. The Telegraph carried several reports on ATF in the past.
28/11/13 Telegraph
