Airlines seek GST on ATF at 5% with full tax credit to help cut costs
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3 Articles
Airlines seek GST on ATF at 5% with full tax credit to help cut costs
India’s leading domestic airlines have urged the Centre to bring Aviation Turbine Fuel (ATF) under the Goods and Services Tax (GST) regime at a rate of 5 per cent with full Input Tax Credit (ITC), arguing that the move would significantly reduce operating costs, improve airline liquidity and make air travel more affordable.
Air India, IndiGo and SpiceJet Demand GST on Aviation Turbine Fuel to Cut Operating Costs I Economy India
Mumbai (Economy India):India’s leading airlines—Air India, IndiGo and SpiceJet—have urged the Central Government to bring Aviation Turbine Fuel (ATF) under the Goods and Services Tax (GST) regime, saying the move would significantly reduce operating costs and improve the competitiveness of the country’s aviation sector. The demand comes as airlines continue to grapple with high fuel costs, with ATF accounting for one of the largest components of…
Federation of Indian Airlines (FIA), an organization of major domestic airlines, has urged the Central Government to bring aviation fuel i.e. jet fuel under the ambit of GST.
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