NEW DELHI: The Budget is unlikely to lift the spirits of the aviation industry. The finance ministry has decided against according declared good status to aviation turbine fuel (ATF), or jet fuel, in the Budget. The move would have reduced sales tax on jet fuel to a uniform 4% across the country.
Sales tax on the fuel varies in each state and in certain cases, it is as high as 24%. Domestic carriers are incurring losses due to high fuel bills, which constitute about 40% of airlines’ total operating cost.
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Sales tax on the fuel varies in each state and in certain cases, it is as high as 24%. Domestic carriers are incurring losses due to high fuel bills, which constitute about 40% of airlines’ total operating cost.
Discuss
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Bury
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