Civil Aviation Ministry To Urge Finance Ministry To Bring ATF Under GST


To contain the rise in jet fuel prices and its cascading impact on air ticket prices, Civil Aviation Ministry will urge the Finance Ministry to bring the particular fuel type under the ambit of GST.

Civil Aviation Secretary Rajiv Nayan Choubey on Tuesday said, a proposal will be made to the Ministry of Finance to bring air turbine fuel (ATF) under the ambit of GST to contain the rise in jet fuel cost due to high global crude oil prices.

Since January 2017-May 2018, the rise in global crude oil prices have pushed ATF cost by 40 per cent. Currently, state levies add anywhere from 2 to 30 per cent extra on the sale of jet fuel. Under the GST regime the cost is expected to come down substantially.

However, the decision to bring the particular fuel type under the GST ambit will depend upon the Finance Ministry as the same will be required to be mooted by it in the GST Council. Read More…

You may also read!

LeT Giving Management Training To Pakistani Engineers: Sources

Pakistan-based terrorist organisation Lashkar-e-Toiba is reportedly providing teaching management courses to engineers in the country at its headquarters in Lahore.

Read More...

Japan Halts Missile Drills After Trump-kim Summit: Reports

Japan has halted evacuation drills simulating a North Korean missile attack in the wake of historic talks between Washington

Read More...

Countries That Increased Their Nuke Weapons In 2017

America's 2018 Nuclear Posture Review dictated U.S. nuclear policy makers to return as a great power and suggested the

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu