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Indian Aviation Industry Calls For VAT Cut On Fuel

by Mary Swire, Tax-News.com, Hong Kong

05 February 2015


Indian aviation industry representatives have called on state governments to lower their rates of value-added tax (VAT) on aviation turbine fuel (ATF) from an average rate of 22 percent to 5 percent, at the GMR Aviation Summit 2015 on January 30, 2015.

A white paper released by the PHD Chamber of Commerce and Industry on the occasion, on "Developing Regional & Remote Connectivity," pointed out that those states that have lowered their VAT rates on ATF have seen an immediate increase in traffic and economic activity. Chhattisgarh, for instance, has seen an almost 100 percent increase in traffic after reducing its VAT on ATF from 20 percent to 4 percent.

Traffic has likewise increased for Goa, which cut its rate to 12.5 percent from 22 percent, Madhya Pradesh, which cut its rate to 5 percent from 23 percent, and Jharkhand, which lowered its rate to 4 percent from 20 percent.

TAGS: VAT rates | tax | value added tax (VAT) | India | aviation

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