Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TDS :: empanelment :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: due date for vat payment :: VAT Audit :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: form 3cd :: ACCOUNTING STANDARDS
 
 
VAT (Value Added Tax) »
 Govt should focus on income tax instead of VAT
 Amendments in the second Schedule received from Finance Deptt.
 VAT exemption stays in tax reform bill
 Income Tax Appellate Tribunal Bangalore Banches Bangalore 'A' Bench DB Case Causelist for The Week from 22-05-2017 To 25-05-2017
 Amendments in Second schedule appended to Delhi Value Added Tax Act, 2004
 Haryana govt exempts solar devices from VAT net
 Court rules out VAT on Paradise equity transfer
 VAT gone but riddle of derivatives traded on commodity exchanges lives on
 Rule 2(L) Of Cenvat Credit Rules, 2004 Amended
 Haryana govt exempts solar equipment from VAT
 AP to push for same benefits under GST for VAT exempted goods

Delhi government hikes VAT on aviation turbine fuel
November, 25th 2015

Flying out of the national capital might become costlier marginally with Delhi government effecting a five per cent hike in VAT on aviation turbine fuel.

Delhi government has made an upward revision in the VAT on jet fuel to 25 per cent from 20 per cent from November 16, according to a notification.

"We are assessing the impact of the hike. As of of now, air fares remain at the same level and they have not been increased. A final call on passing on this hike to the end-consumer will be taken in due course," said a senior executive with one airline.

As per Indian Oil Corporation website, jet fuel prices in Delhi currently stand at Rs 44,846.82 per kilolitre.
ATF constitutes approximately 40-50 per cent of an airline's operating cost.

Delhi airport is the busiest airport in the country with as many as 500 domestic and international flights as well as private and business jets daily departing the Indira Gandhi International airport here.

Besides national carrier Air India, private airlines such as IndiGo, SpiceJet and Vistara have most of their flights originating from the national capital.

Meanwhile, AAP government's move to levy higher VAT on jet fuel has come under severe criticism from Civil Aviation Minister Ashok Gajapathi Raju, who termed it as a step which would be like "taxing an economic activity to death".

"Taxes are a reality, but taxing an economic activity to death, probably India shows the way in that... We need to come out of that scenario and go forward," Raju said here.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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