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VAT ON JET FUEL
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...
- For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
- 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 govt mandates use of Marathi for revenue hearings, ordersThe Maharashtra government has mandated the use of Marathi in all revenue department quasi-judicial hearings and orders. A new standard ope...
- Carbon-free, calcium-rich basalt may help reduce emissions from cement industry by 80 pc: StudyA groundbreaking study suggests a revolutionary shift in cement production could slash carbon emissions by over 80%. Researchers propose us...
- 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...
- 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...
- Civil aviation ministry looks at multiple options to minimise West Asia crisis impact on airlinesAirlines are grappling with soaring operational costs due to the West Asia conflict, prompting the civil aviation ministry to explore tax c...
- States, UTs lowering tax on jet fuel provided huge fillip to airline industry: Jyotiraditya ScindiaUnion minister Jyotiraditya Scindia commended the government's efforts in reducing VAT on jet fuel in 31 states and Union Territories, whic...
- Jharkhand Government slashes VAT on jet fuel to 4 % from a 20 % high"The State Government will amend serial number one of Schedule- II Part-E of Jharkhand Value Added Tax Act, 2005 in order to improve the ai...
- Dadra-Nagar Haveli and Daman-Diu cuts VAT on jet fuel to 3 pcThe civil aviation ministry has been urging states and Union Territories (UTs) to reduce the VAT levied on Aviation Turbine Fuel (ATF), whi...
- Haryana slashes VAT on jet fuel; Scindia says move will set example for other states to follow"With this, Haryana becomes the 8th State/UT to slash the tax rate after Andaman & Nicobar Islands, J&K, Ladakh, Himachal Pradesh, Uttarakh...
- Delhi government hikes VAT on aviation turbine fuelThe Delhi govt has made an upward revision in the VAT on jet fuel to 25 per cent from 20 per cent from November 16, according to a notifica...
- Delhi imposes higher VAT on jet fuelThe tax is only levied on fuel uplifts for domestic flights. A senior executive at SpiceJet said it will increase costs by up to Rs 8 crore.
- Government asks states to slash VAT on jet fuel to four per centIn 2012-13, the airlines posted a combined loss of Rs 9,779 crore and had a total debt of Rs 87,779 crore, official figures showed.
- Oil firms cut jet fuel prices further by Rs 2,100 per kilolitreState-run oil firms on Monday cut jet fuel prices further by Rs 2,100 per kilolitre on top of the 17 per cent reduction announced last week...
- Centre may partner states in ATF reliefThe Centre is working out a compensation package for states to reduce sales tax on aviation turbine fuel (ATF) to 10% or 15%, which will he...
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