Saturday, September 20, 2014

AP cuts VAT on aviation turbine fuel

Hyderabad: n a bid to give fillip to the aviation sector, the Andhra Pradesh Government has reduced the value added tax on aviation turbine fuel (ATF) to just one per cent from the existing 16 per cent.

According to an order issued recently, the Government said: “In the said Schedule, in the Table, against item No.(4) “Aviation Turbine Fuel”, in column No.(4), the rate of tax for the figure and percentage (16 per cent), the figure and percentage (1 per cent), shall be substituted.”
20/09/14 PTI/Business Line
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