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!

Kim Jong-un orders preparations for second summit after ‘great’ letter from Donald Trump

North Korean leader Kim Jong-un spoke highly of US President Donald Trump, state media said on Thursday, and expressed

Read More...

Ramaphosa visit set to re-energise South African-India Ties

South African President Cyril Ramaphosa, along with nine ministers during his January 25-26 Delhi trip, will seek to rejuvenate

Read More...

Let Pakistan Army chief come through government for talks: Gen Bipin Rawat

The chief of the Indian Army, Gen Bipin Rawat, on Wednesday said that his Pakistani counterpart Gen. Qamar Bajwa

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu