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ATF UNDER GST
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...- 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...
- 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...
- IndiGo, SpiceJet shares in focus as gov to consider inclusion of ATF under GST regimeShares of aviation companies such as InterGlobe Aviation (IndiGo) and SpiceJet are expected to remain in focus today, as the government may...
- 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 ...
- IndiGo adversely impacted by ATF price hike; govt should bring it under GST: CEO Ronojoy DuttaOver the past few weeks, crude oil prices have soared to a seven-year high, nearing USD 140 per barrel, due to the ongoing conflict in Euro...
- No proposal to bring petrol, diesel, ATF, gas under GST: FM SitharamanWhen the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities - crude oil, natural gas,...
- Civil aviation ministry working on demand to bring jet fuel under GST: KharolaAddressing a virtual event on global aviation and air cargo sector, civil aviation secretary Pradeep Singh Kharola also said the ministry h...
- Government considering specific excise duty on ATFConcessional rate of 2 per cent is applicable for ATF sold under Regional Connectivity Scheme. Ad valorem rate means that the impact of an ...
- Dharmendra Pradhan hopes coming Budget will signal inclusion of ATF, natural gas in GSTWhen the Goods and Services Tax (GST) was introduced on July 1, 2017 amalgamating 17 central and state levies, five commodities namely crud...
- Oil Minister Dharmendra Pradhan nudges FM to include ATF, natural gas in GSTIncluding ATF and natural gas will not just help companies set off tax that they paid on input but will also bring about uniformity in taxa...
- ATF should be brought under GST to provide level playing field to airlines: Suresh Prabhu"We will work on it that aviation fuel should also be brought under GST for predictability and for ensuring level playing field," the minis...
- Centre, industry want petroleum products in GST ambit: Oil Minister PradhanThe Centre and the industry favour inclusion of petroleum products in the Goods and Services Tax (GST) but the GST Council will take a fina...
- 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 ...
- Council to decide on inclusion of natural gas, ATF in GST: Hasmukh AdhiaWhile prevailing tax rate is way beyond the 28% peak tax rate under GST, tax incidence on natural gas and ATF is low enough to get fitted i...
- GST on jet fuel: Airlines can earn Rs 5,220 crore input tax creditThese assessments were given to the ministry of civil aviation last week in a presentation by top executives at Indian carriers. The meetin...
- 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...
- Aviation Ministry bats for 12% GST rate on air ticketsThe rates committee on GST under the finance ministry is currently considering the proposal sent by the Aviation Ministry.
- Budget 2011: ATF should be brought under the ambit of GST Act; says, ASSOCHAMASSOCHAM has recommended in its pre-budget memorandum that that Aviation Turbine Fuel should be brought under the ambit of Goods and Servic...
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