Aviation Fuel Tax
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Windfall Tax On Crude Oil Hiked And Cut For Aviation Fuel
The government has increased the windfall tax on petroleum crude to 10,000 rupees ($120.36) per ton from 6,700 rupees, effective September 16, according to a government notification on Friday.
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Windfall Tax On Crude Oil, Aviation Fuel Cut, New Rates To Come Into Effect From February 16
The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.
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Centre Requests Tamil Nadu To Reduce Tax On Aviation Turbine Fuel
The Centre has requested the Tamil Nadu government to reduce the value added tax charged on aviation turbine fuel in line with the other states and to boost air connectivity, Union Minister of Civil Aviation Jyotiraditya M Scindia said on Saturday.
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Centre Cuts Windfall Tax On Aviation Fuel, Diesel Exports, New Rates Effective From January 17
The government has also reduced the tax on export of diesel to Rs 5 per litre, from Rs 6.5 and the same on overseas shipments of ATF to Rs 3.5 a litre, from Rs 4.5 a litre.
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Windfall Tax On Domestic Crude Oil Slashed By 65%
The centre cut its windfall tax on locally produced crude oil and aviation turbine fuel (ATF) and reduced the export tax on diesel.
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Windfall Tax Cut On Diesel, Crude Oil And Jet Fuel Shipments
India has cut a windfall tax on diesel and aviation fuel shipments by 2 rupees a liter, according to a government notification.
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Not Easy For An Airline To Turn Profitable In India, Says IATA Official
It is not easy for an airline to turn a profit in India and a lot of issues such as fare caps and high taxes on aviation turbine fuel (ATF) have to be resolved, a senior IATA official said on Sunday.
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No Decision Yet On Jet Fuel Tax Cut, Say Government Sources
Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices
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GST Council To Discuss ATF Inclusion In Next Meeting, Says Nirmala Sitharaman
Government will discuss inclusion of ATF under GST regime in the next meeting of the council, finance minister Nirmala Sitharaman has said
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Tripura Reduces Tax On Aviation Fuel
Tripura Cabinet has decided to reduce share of Value-Added Tax (VAT) levied on Aviation Turbine Fuel from 16 per cent to 1 per cent expecting better air traffic at Maharaja Bir Bikram Airport Agartala soon after it gets international airport status.
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Talking To States To Reduce Value Added Tax On Jet Fuel: Union Minister VK Singh
The aviation ministry is talking to different states urging them to reduce the Value Added Tax (VAT) on aviation turbine fuel (ATF), Minister of State for Civil Aviation, Road Transport and Highways VK Singh said Thursday.
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Budget 2020: Aviation Experts Seek Rationalisation Of Taxes On Aviation Turbine Fuel
Ankur Bhatia, Managing Director, Amadeus, Indian Subcontinent believes "the government should actively consider addressing the two concerns the aviation industry is currently grappling with. First, a hike in foreign direct investment is highly warranted. Other sectors have been allowed to have FDI via automatic route. Considering the fact aviation ...
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Oil Companies Flag Issues In Rationalising Taxes On Jet Fuel
According to government estimates, if a direct-billing mechanism is implemented, airlines would be able to save around Rs 400 crore per year.
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Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...
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US-Based Boeing Raises Forecast On Orders From Indian Airlines By 9.5%
Boeing expects India to become the third-largest commercial aviation market by the early 2020s. High oil prices, hefty fuel taxes and a weak rupee have hurt airlines' profitability this year, although pressure is starting to ease as oil prices fall and the currency firms.
-
Windfall Tax On Crude Oil Hiked And Cut For Aviation Fuel
The government has increased the windfall tax on petroleum crude to 10,000 rupees ($120.36) per ton from 6,700 rupees, effective September 16, according to a government notification on Friday.
-
Windfall Tax On Crude Oil, Aviation Fuel Cut, New Rates To Come Into Effect From February 16
The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.
-
Centre Requests Tamil Nadu To Reduce Tax On Aviation Turbine Fuel
The Centre has requested the Tamil Nadu government to reduce the value added tax charged on aviation turbine fuel in line with the other states and to boost air connectivity, Union Minister of Civil Aviation Jyotiraditya M Scindia said on Saturday.
-
Centre Cuts Windfall Tax On Aviation Fuel, Diesel Exports, New Rates Effective From January 17
The government has also reduced the tax on export of diesel to Rs 5 per litre, from Rs 6.5 and the same on overseas shipments of ATF to Rs 3.5 a litre, from Rs 4.5 a litre.
-
Windfall Tax On Domestic Crude Oil Slashed By 65%
The centre cut its windfall tax on locally produced crude oil and aviation turbine fuel (ATF) and reduced the export tax on diesel.
-
Windfall Tax Cut On Diesel, Crude Oil And Jet Fuel Shipments
India has cut a windfall tax on diesel and aviation fuel shipments by 2 rupees a liter, according to a government notification.
-
Not Easy For An Airline To Turn Profitable In India, Says IATA Official
It is not easy for an airline to turn a profit in India and a lot of issues such as fare caps and high taxes on aviation turbine fuel (ATF) have to be resolved, a senior IATA official said on Sunday.
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No Decision Yet On Jet Fuel Tax Cut, Say Government Sources
Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices
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GST Council To Discuss ATF Inclusion In Next Meeting, Says Nirmala Sitharaman
Government will discuss inclusion of ATF under GST regime in the next meeting of the council, finance minister Nirmala Sitharaman has said
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Tripura Reduces Tax On Aviation Fuel
Tripura Cabinet has decided to reduce share of Value-Added Tax (VAT) levied on Aviation Turbine Fuel from 16 per cent to 1 per cent expecting better air traffic at Maharaja Bir Bikram Airport Agartala soon after it gets international airport status.
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Talking To States To Reduce Value Added Tax On Jet Fuel: Union Minister VK Singh
The aviation ministry is talking to different states urging them to reduce the Value Added Tax (VAT) on aviation turbine fuel (ATF), Minister of State for Civil Aviation, Road Transport and Highways VK Singh said Thursday.
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Budget 2020: Aviation Experts Seek Rationalisation Of Taxes On Aviation Turbine Fuel
Ankur Bhatia, Managing Director, Amadeus, Indian Subcontinent believes "the government should actively consider addressing the two concerns the aviation industry is currently grappling with. First, a hike in foreign direct investment is highly warranted. Other sectors have been allowed to have FDI via automatic route. Considering the fact aviation ...
-
Oil Companies Flag Issues In Rationalising Taxes On Jet Fuel
According to government estimates, if a direct-billing mechanism is implemented, airlines would be able to save around Rs 400 crore per year.
-
Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...
-
US-Based Boeing Raises Forecast On Orders From Indian Airlines By 9.5%
Boeing expects India to become the third-largest commercial aviation market by the early 2020s. High oil prices, hefty fuel taxes and a weak rupee have hurt airlines' profitability this year, although pressure is starting to ease as oil prices fall and the currency firms.
