Mumbai: GMR Aviation Summit 2015 held here today recommended drastic VAT cuts on ATF from average rate of 22% to less than 5%, arguing that states that have so done, seen immediate connectivity and traffic impact of this incentive.
The white paper released on the occasion on ‘Developing Regional & Remote Connectivity’ by senior government functionaries and industry representatives under aegis of PHD Chamber of Commerce and Industry, demanded that lowering ATF taxes would fuel connectivity to regional air and cargo hubs and increase their traffic drastically.
The white paper which was released jointly by Ambassador of Turkey to India Dr. Burak Akcapar, Joint Secretary Ministry of Civil Aviation Mr. Balwinder Singh Bhullar, Vice President, PHD Chamber Mr. Gopal Jiwarajka, Secretary, Airports Economic Regulatory Authority of India Mr. Alok Shekhar, Chairman & Co-Chairman, Civil Aviation Committee, PHD Chamber Mr. K Narayana Rao and Mr. Bhupesh Joshi, however, adds that with a reduction of VAT on ATF from 20% to 4%, Chhattisgarh has seen almost 100% increased in air connectivity.
31/01/15 Indiainfoline
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The white paper released on the occasion on ‘Developing Regional & Remote Connectivity’ by senior government functionaries and industry representatives under aegis of PHD Chamber of Commerce and Industry, demanded that lowering ATF taxes would fuel connectivity to regional air and cargo hubs and increase their traffic drastically.
The white paper which was released jointly by Ambassador of Turkey to India Dr. Burak Akcapar, Joint Secretary Ministry of Civil Aviation Mr. Balwinder Singh Bhullar, Vice President, PHD Chamber Mr. Gopal Jiwarajka, Secretary, Airports Economic Regulatory Authority of India Mr. Alok Shekhar, Chairman & Co-Chairman, Civil Aviation Committee, PHD Chamber Mr. K Narayana Rao and Mr. Bhupesh Joshi, however, adds that with a reduction of VAT on ATF from 20% to 4%, Chhattisgarh has seen almost 100% increased in air connectivity.
31/01/15 Indiainfoline
