Monday, November 24, 2014

Tripura slashes 4% VAT on aviation fuel

Agartala: The Tripura government has slashed Value Added Tax (VAT) on the Aviation Turbine Fuel (ATF) by 4% with immediate effect on Saturday.

The move is aimed at attracting more private airlines and at the same time give relief to the passengers from paying exorbitant air fares.

Finance secretary Ashutosh Jindal said chief minister Manik Sarkar has decided to reduce VAT on ATF from the existing 22 % to 18 % at the meeting of the council of ministers headed by the CM.
With the decision, ATF price in Agartala has now become lowest among all northeastern states and Kolkata, he said. He added that at present Kolkata, Guwahati, Imphal and Mizoram have been collecting 20 % VAT on ATF.
23/11/14 Times of India
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