23% Aviation Fuel Tax Cut On Small Aircraft In Karnataka

Karnataka on Friday proposed to reduce sales tax on aviation turbine fuel (ATF) by 23 per cent — to 5 per cent from 28 — to promote regional air connectivity and feeder service across the southern state.”I propose to reduce sales tax on ATF used in small aircraft by civil airlines for providing connectivity to remote and un-connected places across the state and country,” said Chief Minister Siddaramaiah while presenting the state budget for fiscal 2018-19 here.The drastic tax cut on the ATF is expected to lower air fares on the feeder routes within the state and the region around.”Cheaper ATF on lower tax will enable the airlines to support the Udan scheme of the Union Government, aimed at developing regional connectivity and making air travel affordable for the common man,” Siddaramaiah told lawmakers in the state assembly in his 90-minute budget speech, delivered in Kannada. Read More…

You may also read!

Indian Navy to adopt high tech approach to detect and deter maritime threats in the Indian Ocean Region

In line with Prime Minister Narendra Modi’s vision towards Security and Growth of all in the Region (SAGAR, the


Dubai-based Accused in VVIP Chopper Case Moves for Anticipatory Bail

A Dubai-based businessman and accused in a money laundering case connected with the Rs 3,600-crore VVIP chopper deal moved


Naxals Following in Footsteps of Veerappan to Expand Base at Tri-Junction of Kerala, Karnataka, Tamil Nadu

Naxals are on the verge of creating a ‘consolidated front’ on the Western Ghats and to do this they


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu