Thursday, September 28, 2017

Kerala to reduce VAT on ATF by five per cent

Thiruvananthapuram: The Kerala government today decided to reduce the VAT rate on aviation turbine fuel (ATF) by five per cent from the existing 28.75 per cent for a period of five years.
The Centre had requested states to reduce the VAT rate on ATF by one per cent, to encourage flight services connecting important cities in the country.
But, with a view to providing extra motivation, the state decided to reduce VAT rate by five per cent, an official release said here.