Central Government To Bring Aviation Fuel Under GST

Описание: In the next GST Council meeting, Finance Minister Nirmala Sitharaman is likely to discuss with the states to bring air fuel i.e. ATF under the ambit of GST.

The Finance Minister, while answering the question of SpiceJet CMD Ajay Singh during an event of the Industry Chamber, said that the aviation sector is aware of the current challenges and many steps can be taken soon to solve it.

The rising demand for infra sector status to the hospitality and aviation sector and the Finance Minister has assured to solve it seriously soon.

In fact, air fuel costs up to 45% of any airline's operations.

This is the reason that at present, airlines are always troubled by the impact of double taxation i.e. tax from the center to the states

In such a situation, with only one tax, GST, the sector is confident that not only will the operational cost come down, but air travelers will also get the benefit of it in the form of affordable airfare in the long run.
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3

Subscribe Now To Our Network Channels :-
Times Now : http://goo.gl/U9ibPb
The NewsHour Debate : http://goo.gl/LfNgFF

To Stay Updated Download the Times Now App :-
Android Google Play : https://goo.gl/zJhWjC
Apple App Store : https://goo.gl/d7QBQZ

Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
Website - www.etnownews.com