New Delhi: Minister of State for Civil Aviation Jayant Sinha on Monday asked Union Finance Minister Arun Jaitley to include Air Turbine Fuel (ATF or jet fuel) under the GST framework. Sinha said that bringing the ATF under the GST ambit will provide a relief to airline players who, at present, are facing financial woes.
“The Ministry of Civil Aviation and the Ministry of Petroleum have asked the Ministry of Finance and all the states to consider bringing the ATF under the GST framework. We would very much like that to happen, so we held discussions on it,” Sinha said. The final call, however, will be taken by the GST Council. The issue is likely to be taken up at the council’s 31st meeting in November.
While jet fuel prices have increased about 40 per cent in the last one year, a combination of taxes by Central and state governments makes it even more expensive. At present, ATF is priced at 72,605 per kl, up from Rs 53,045 per kl in October last year.
30/10/18 Arshad Khan/New Indian Express
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“The Ministry of Civil Aviation and the Ministry of Petroleum have asked the Ministry of Finance and all the states to consider bringing the ATF under the GST framework. We would very much like that to happen, so we held discussions on it,” Sinha said. The final call, however, will be taken by the GST Council. The issue is likely to be taken up at the council’s 31st meeting in November.
While jet fuel prices have increased about 40 per cent in the last one year, a combination of taxes by Central and state governments makes it even more expensive. At present, ATF is priced at 72,605 per kl, up from Rs 53,045 per kl in October last year.
30/10/18 Arshad Khan/New Indian Express
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