Government is looking at bringing Aviation Turbine Fuel (ATF) under the purview of Goods and Services Tax (GST) even as petrol and diesel prices are still out of the GST. The Finance Ministry is planning to include ATF under 18 per cent tax bracket of GST, a source told Zee Business TV. However, it is unclear exactly how such a move can impact airfares. Expectations are that the benefits would be passed on to flyers.
However, just yesterday Jayant Sinha, Minister of State for Civil Aviation said in the Rajya Sabha that there is no such proposal to bring ATF under GST.
"At present, there is no proposal to include ATF under GST," said Sinha in the Rajya Sabha.
Civil Aviation Minister Suresh Prabhu had earlier said that the move will help cut costs as airlines would get input tax credit.
26/07/18 ZeeBiz
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However, just yesterday Jayant Sinha, Minister of State for Civil Aviation said in the Rajya Sabha that there is no such proposal to bring ATF under GST.
"At present, there is no proposal to include ATF under GST," said Sinha in the Rajya Sabha.
Civil Aviation Minister Suresh Prabhu had earlier said that the move will help cut costs as airlines would get input tax credit.
26/07/18 ZeeBiz
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