Put jet fuel in GST, aviation to finance ministry

Put jet fuel in GST, aviation to finance ministry

HIGHLIGHTS

  • The aviation ministry will cite the example of bunker oil which was carved out of the oil basket to be put in GST
  • Airlines expect annual relief of Rs 3,000-5,000 crore by input tax credit if aviation turbine fuel is included in GST

NEW DELHI: The aviation ministry is pushing for inclusion of aviation turbine fuel in Goods and Services Tax (GST). Jet fuel prices have risen 40 per cent from January 2017 to this month.

Aviation secretary R N Choubey will meet revenue secretary on Tuesday to make this request as higher jet fuel prices are impacting airlines — and in turn passengers through rising fares — dearly.

The aviation ministry will cite the example of bunker oil which was carved out of the oil basket to be put in GST.

Airlines expect annual relief of Rs 3,000-5,000 crore by input tax credit if aviation turbine fuel (ATF) is included in GST.

Source: https://timesofindia.indiatimes.com/business/india-business/put-jet-fuel-in-gst-aviation-to-finance-ministry/articleshow/64273492.cms

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