Gujarat reduces VAT on Aviation Turbine Fuel by 5 percent

[ad_1]

Photo source: File photo

Representative images.

Highlights

  • The reduction will take effect from midnight on Monday
  • Reducing VAT on ATF could result in lower airline fares
  • This pro-people decision will boost tourism activities in the state, the CMO said

The Gujarat government on Monday decided to reduce the value-added tax (VAT) on aviation turbine fuel (ATF) by five per cent to boost tourism, the Chief Minister’s Office (CMO) said.

The reduction will take effect from midnight today (Monday).

“Chief Minister Bhupendra Patel has decided to reduce the value added tax rate on aviation turbine fuel (ATF) used in airlines,” he said in a statement.

The reduction in VAT on ATF is likely to reduce air fares for airlines, which will encourage more tourists to travel to Gujarat.

Also read | Petrol, diesel prices today: Fuel rates remain unchanged in major cities Details here

Also read | Haryana has reduced VAT on jet fuel to 1%; Scindia welcomed CM Khattar for setting an example

Latest business news

.

[ad_2]

Leave a Comment

Your email address will not be published. Required fields are marked *