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Government Implements Uniform 5% Tax For All Aircraft, Engine Parts
Union Civil Aviation Minister Kinjrapu Rammohan Naidu has announced the implementation of a uniform IGST rate of 5 per cent on all aircraft and aircraft engine parts, effective from Monday.
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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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IndiGo Reports "Highest Ever" Q1 Profit Of Rs 3,090.6 Crore
InterGlobe Aviation, the parent of the country's largest airline IndiGo, today reported a profit after tax of Rs 3,090.6 crore in the June quarter.
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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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Cheap Tickets To Stay As Airlines Squabble Over Fare Hikes
Top airline bosses agreed on many things at the Wings India airshow in Hyderabad last month: taxes should be reduced and airport capacity must be ramped up. But there's one thing they couldn't settle upon.
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In A Boost To Aviation Sector, GST Cut To 5% For Domestic MRO Services From 18%
The government has reduced the Goods and Services Tax (GST) rate on domestic maintenance, repair, and overhaul (MRO) services to 5 per cent from 18 per cent in order to support the aviation sector, Minister of State for Civil Aviation General (Retd) V K Singh said on Monday.
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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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Air India's Assets Transfer To Special Purpose Vehicle, Tax Exempted
Centre has given tax exemption on transfer of assets by the national carrier to its special purpose vehicle Air India Assets Holding Limited.
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Government Implements Uniform 5% Tax For All Aircraft, Engine Parts
Union Civil Aviation Minister Kinjrapu Rammohan Naidu has announced the implementation of a uniform IGST rate of 5 per cent on all aircraft and aircraft engine parts, effective from Monday.
-
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.
-
IndiGo Reports "Highest Ever" Q1 Profit Of Rs 3,090.6 Crore
InterGlobe Aviation, the parent of the country's largest airline IndiGo, today reported a profit after tax of Rs 3,090.6 crore in the June quarter.
-
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.
-
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
-
Cheap Tickets To Stay As Airlines Squabble Over Fare Hikes
Top airline bosses agreed on many things at the Wings India airshow in Hyderabad last month: taxes should be reduced and airport capacity must be ramped up. But there's one thing they couldn't settle upon.
-
In A Boost To Aviation Sector, GST Cut To 5% For Domestic MRO Services From 18%
The government has reduced the Goods and Services Tax (GST) rate on domestic maintenance, repair, and overhaul (MRO) services to 5 per cent from 18 per cent in order to support the aviation sector, Minister of State for Civil Aviation General (Retd) V K Singh said on Monday.
-
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
-
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.
-
Air India's Assets Transfer To Special Purpose Vehicle, Tax Exempted
Centre has given tax exemption on transfer of assets by the national carrier to its special purpose vehicle Air India Assets Holding Limited.
