News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Sales Tax »
 Selling inherited gold? Income tax rules you should know
 How do you decide capital gains tax on property sale?
 How is long-term capital gains tax on sale of property calculated
 GST dept probe on Mismatch in Sales Tax Return and E-Way Bill
 Clarification on Cash sale of agricultural produce by Cultivators/Agriculturists
 Short-term capital gains are taxable at income tax slab rates in the year of sale
 India imposes regressive nationwide sales tax
 Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).
 Assam government to dismantle all sales tax check-gates post Goods and Services Tax
 Income tax: How to calculate capital gains tax on sale of old jewellery
 Six arrested for posing as Sales Tax officers, extorting money

Panel to suggest ways to cut state sales tax on jet fuel
November, 17th 2008

A high-level panel looking into the crisis facing the aviation industry will meet soon to suggest ways and means for state governments to lower their sales tax on jet fuel to provide relief to the beleaguered airlines and help them come out of the major financial crisis.

"It is basically the state sales tax, which people (the airline industry) are agitated about. Sales tax rates in some states are very high, 25 to 30 per cent. That is what we have to look at," Cabinet Secretary K M Chandrasekhar told PTI in an interview.

The Cabinet Secretary is heading the Committee, constituted by Prime Minister Manmohan Singh, following a representation by the airline industry for relief.

Chandrasekhar said the Finance Ministry was talking to the Empowered Committee of State Finance Ministers to find a solution to the whole issue.

"We are trying to do everything in a give and take manner... It is a voluntary exercise (by state governments)," he said.

The industry is demanding that aviation turbine fuel (ATF) be included in the declared category list, which will bind states to tax jet fuel by only up to four per cent.

Referring to the recent cuts in ATF prices and customs duty, the Cabinet Secretary said some demands of the airline industry have been settled by the Ministries of Civil Aviation and Finance.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions