Govt slashes VAT on aviation turbine fuel from 25% to 7%
India, May 17 -- The Rekha Gupta Government on Saturday decided to reduce the Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) from 25 per cent to 7 per cent. According to Chief Minister Rekha Gupta, the decision to reduce VAT on ATF was taken at the Cabinet meeting.
"Delhi Government has decided to reduce the value-added tax (VAT) on aviation turbine fuel (ATF) from the existing 25 per cent to 7 per cent, a move which is likely to benefit the airlines and common passengers," the official statement said.
This comes a day after Maharashtra reduced Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) to 7 per cent from 18 per cent for six months, effective May 15, to ease fuel costs for airlines amid high global crude prices and West ...
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