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ATF VAT
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...- ATF prices for international airlines slashed 27%; domestic rates unchangedInternational airlines see a significant 27 percent cut in jet fuel prices. Domestic carriers, however, continue to pay unchanged rates. Co...
- Air India, IndiGo to cut domestic flight operations as ATF prices, low demand hurt: ReportAir India and IndiGo are reducing domestic flights starting June 1 for three months. This move comes as jet fuel prices surge and demand di...
- Delhi cuts VAT on aviation turbine fuel to 7% from 25%The Delhi government has significantly cut the Value Added Tax on Aviation Turbine Fuel. The tax on ATF will now be 7 percent, down from 25...
- Maharashtra reduces VAT on jet fuel from 18% to 7%Aviation Turbine Fuel tax cut in Maharashtra offers relief to airlines. The state government reduced Value Added Tax to 7% from 18% until N...
- Noida International Airport may lose fare edge over IGI despite UP’s fuel tax relief. Why?Flyers may not find cheaper flights from the new Noida International Airport as higher airport tariffs and passenger charges offset Uttar P...
- Airport operators urge MoCA for urgent relief amid 25% cut charges to compensate revenue lossAirport operators are requesting urgent government support. A 25 percent cut in landing and parking fees for domestic flights has impacted ...
- Air India, IndiGo, SpiceJet seek ATF price relief; say airline industry on verge of 'stopping operations'Indian airlines Air India, IndiGo, and SpiceJet are in severe financial distress. They warn of halting operations due to soaring jet fuel c...
- The energy shock at 35,000 feet is burning a hole in your pocketAs aviation fuel prices reach a new high globally, the airline industry is feeling the crunch, with ticket prices climbing and schedules be...
- Bihar slashes VAT on aviation turbine fuel to 4% to boost air connectivityThe Bihar Cabinet has approved a significant reduction in the value-added tax (VAT) on aviation turbine fuel (ATF), lowering it from 29% to...
- Cut VAT on ATF or risk flight diversion, Delhi toldMinister Rammohan Naidu Kinjarapu urged Delhi CM Rekha Gupta to lower VAT on aviation fuel. He warned that high VAT could drive airlines to...
- New ATF pricing method on cards; airlines eye reliefThe civil aviation ministry is also engaging with states to bring VAT on ATF within the range of 1-4%. "In 2020, 12 states had VAT on ATF i...
- No decision on cut in tax on ATF: SourceATF makes up for about 40 per cent of the operating cost of an airline. Jet fuel prices are at a record high in line with the global surge ...
- MP govt slashes VAT on aviation turbine fuel to 4% at Bhopal, Indore airports"Like Gwalior, Jabalpur and Khajuraho airports where VAT on ATF is 4 per cent, the state government has decided to rationalise it at Bhopal...
- Scindia urges 22 states to reduce VAT on ATF to 1-4% to boost air travel"The price of ATF is a major component of the operating cost of airlines. With that, the tax on ATF contributes significantly to the ATF pr...
- Natural gas, ATF in GST this week?When GST was introduced on July 1 last year, five commodities -- crude oil, natural gas, petrol, diesel, and aviation turbine fuel -- were ...
- Jayant Sinha to meet airline chiefs to discuss tax issuesA proposal to bring ATF under the GST regime that will allow airlines to claim input tax credit from the government is among the issues lik...
- States oppose inclusion of jet fuel in Declared Goods categoryStates have rejected the Civil Aviation Ministry's proposal for inclusion of jet fuel under 'Declared Goods' category, the government said ...
- Foreign tourists to get VAT refund on goods bought in GoaForeigners visiting Goa will now get refund of the Value added tax (VAT) on the goods they purchase in the state.
- VAT rate cut on ATF may take some more timeThe beleaguered aviation industry has got relief from the Centre with abolition of basic customs duty on jet fuel, but help from the states...
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