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The Gujarat authorities on Tuesday introduced a 20 per cent reduction in value-added tax (VAT) on aviation turbine fuel (ATF) to convey the levy at 5 per cent in a transfer to spice up tourism in the state.
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Gujarat | Jet Fuel | Value Added Tax
The Gujarat authorities on Tuesday introduced a 20 per cent reduction in value-added tax (VAT) on aviation turbine fuel (ATF) to convey the levy at 5 per cent in a transfer to spice up tourism in the state.
This was the second lower in VAT on ATF in lower than a month. The determination to cut back VAT on jet fuel was taken by Chief Minister Bhupendra Patel at a gathering, a state authorities launch stated. “With the reduction of tax price by 20 per cent, the efficient VAT on ATF in Gujarat shall be 5 per cent,” the discharge stated. The step was taken to spice up tourism in the state, it stated. VAT on jet fuel was decreased by 5 per cent by the Gujarat authorities on December 13.
(Only the headline and movie of this report could have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)
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First Published: Wed, January 05 2022. 09:08 IST
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