New Delhi, Oct. 23 -- The Goa government has reduced Value-added tax (VAT) on aviation turbine fuel (ATF) from 15% to 7%, with the new rate taking effect on October 24, 2026. The move, notified on October 23 by the Department of Finance (Revenue and Control), aims to ease fuel costs for airlines operating in the state. It comes at a time when jet fuel prices remain elevated and follows similar cuts by other states.

Under the Goa Value Added Tax Act, 2005, the state has amended Schedule C. The entry at serial number two now sets a 7% VAT rate on "Aviation Turbine Fuel other than covered by entry (1) above." The notification, signed by Under Secretary Naresh Gaude, applies to ATF not covered by the preceding entry in the schedule. This rep...