Process of leasing next 8-9 airports to begin soon – Jyotiraditya Scindia
The Tatas took over INR 15,300 crore of debt where they have since renegotiated terms and refinanced it by bringing in new lenders. Civil Aviation…
Tag: VAT ON ATF
Jyotiraditya Scindia working with more states to reduce VAT on ATF and bring it under GST
Civil aviation minister Jyotiraditya Scindia said a dozen states that have not reduced VAT on jet fuel are being nudged to lower levies and backed…
Scindia working on a policy for regional airlines and helicopter operations to improve last-mile connectivity
The government is working on a policy for regional airlines and helicopter operators to boost last-mile connectivity, Aviation Minister Jyotiraditya Scindia said on Monday, February…
Needs of the pandemic-hit Indian Aviation Industry from the Union Budget 2022-23
India’s domestic air travel had its best month since the epidemic began in November 2021, but the Omicron variety has sped up the recovery process. The authorities had decided to allow ordinary international flights to and from India starting in December, but the permission was revoked due to an increase in infections. In the first week of January, domestic passenger counts fell by 25%. Rising gas prices are expected to put additional strain on the industry since…
Air India clears 80% of its jet fuel debts
The outlook for Indian Oil’s (IOC) aviation business is positive with growth in flights, the upcoming launch of new airlines in 2022 and recovery of jet…
Assam government has approved a proposal to grant partial exemption on the sale of ATF
Assam government has approved the proposal to grant partial exemption by way of payment of VAT at the rate of 1% on the sale of…
Only 7 States & UTs have lowered VAT on jet fuel to less than 4%
Minister of Civil Aviation Jyotiraditya Scindia said on November 18 that so far, seven states including union territories have reduced the value-added tax (VAT) on jet fuel…
Tripura and Madhya Pradesh lower VAT on ATF to accommodate better air traffic
Tripura Cabinet has decided to reduce the share of Value-Added Tax (VAT) levied on Aviation Turbine Fuel from 16% to 1% expecting better air traffic…