industry

States say no to GST on jet fuel



Jaisalmer: States turned down any move to levy Goods and Services Tax on Aviation Turbine Fuel, a persistent demand from the aviation sector, at the GST Council meeting. Briefing reporters about the decisions of the GST Council on Saturday, Union finance minister Nirmala Sitharaman said the issue was discussed by the members but states did not agree to it bringing it under the ambit of GST. “States did not feel comfortable,” she said.

States do not want the ATF within GST because they see it as part of the crude petroleum diesel basket, she said. “…and therefore they said that it alone cannot be taken out, and therefore that continues to remain where it is today,” she said.

Nominations for ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.



READ SOURCE

Read More   Government had to borrow £25bn in April as inflation wreaks havoc with UK economy

This website uses cookies. By continuing to use this site, you accept our use of cookies.