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GST ON JET FUEL
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...
- Charter operators seek fair play in fuel pricingIndian charter operators are protesting a new jet fuel pricing policy. This policy doubles their fuel costs from April. Commercial airlines...
- States say no to GST on jet fuelThe GST Council meeting saw states opposing the inclusion of ATF under GST. Finance Minister Nirmala Sitharaman announced the states' decis...
- 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 ...
- 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...
- First meeting with Hardeep Singh Puri: Airlines, govt discuss unsustainable faresGovernment sources said that the airlines did bring up the issue of aggressive pricing on several routes that becomes unsustainable.
- 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...
- Private airlines need to deal with issues on their own, says Prabhu on Jet AirwaysWhen asked about the current situation at Jet Airways, Prabhu said, "We are not aware about their position."
- 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...
- You may have to pay up to 13 per cent more to flyThe cost of operations for carriers has gone up 27 per cent after GST was introduced in July. Jet fuel is currently out of the purview of G...
- Have proposed including ATF under GST: Civil aviation ministryJet fuel accounts for a significant chunk of an airline's operational costs which also has an impact on air ticket prices.
- Import of oil-drilling rigs kept out of GST purviewNearly all deep sea drilling rigs are imported, and a bulk of the ones used in shallow waters to drill wells to probe and produce oil and g...
- Domestic air fares may rise as airlines claim GST raised cost of operationsThe new levies can wipe off the profits earned by airlines. IndiGo, Jet Airways, SpiceJet — made a profit of Rs 2,479 crore in the year end...
- Aviation sector earnings set to fly high in Q1 FY18: ICICI SecA strong earnings quarter was expected for the sector for three months ended December 2016.
- Budget 2017: Ministry seeks cut in excise duty on jet fuelThe government had raised the duty to compensate for its tax loss, as global crude oil prices fell to below $30 a barrel. Crude oil prices ...
- Aviation sector needs sound regulation and competition, not freedom from taxesAviation ministry has proposed scrapping service tax on air tickets. It is not a sensible idea but moderating them when possible is entirel...
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