Wednesday, June 27, 2018

Haryana cabinet nod to VAT cut on aviation turbine fuel

Chandigarh: The Haryana Cabinet, which met under the chairmanship of the Chief Minister Manohar Lal Khattar here on Tuesday, gave its approval for the reduction in VAT rate from 20 per cent to 1 per cent on the sale of aviation turbine fuel (ATF) under the Regional Connectivity Scheme at the RCS airports and for the RCS flights from other airports located within the state.
The RCS-UDAN was launched by the Union Ministry of Civil Aviation with a view to facilitating regional connectivity by making it affordable.
An MoU was signed by the Haryana Government with the Ministry of Civil Aviation, Government of India, Chairman, Airports Authority of India. Under the MoU, VAT would be reduced to 1 per cent or less on the ATF at the RCS airports (as notified by the government) and for the RCS flights from other airports located within the state for three years.
26/05/18 Tribune
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