News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
General »
 States object to plan to create defence fund out of divisible central taxes
 5% tax on foreign fund transfers that may go up to 10% for some
 After hike, tax collection of Delhi government falls in August
 I-T Deptt launches functionality for banks to check ITR filing status of entities
 How nudges can improve tax compliance
 What does entertainment tax mean?
 Catching elusive taxpayers still a work in progress
 Government clarifies on proposal to modify income tax returns
 Can buying shares in a rights issue leave you in a tax mess?
 Income tax scrutiny down in AY18; Delhi faced the highest, Bihar the least
 Delhi govt warns strict action against companies defaulting on tax payments

Govt must slash ATF tax for airlines to cut domestic fares: Vijay Mallya
December, 27th 2008
Kingfisher Airlines Chairman Vijay Mallya on Friday indicated that unless the government brought down the sales tax on ATF to four per cent, airlines in the country would not cut domestic air fares. "Domestic fare cuts are really dependent on government policies in terms of sales tax on fuel," Mallya told reporters in response to questions after the annual general meeting of the company in Bangalore. Mallya said once the government gives ATF the declared goods status, bringing down sales tax to a uniform four per cent, airlines in India would cut fares. Airlines in India have "accumulated burden" when the crude oil prices were at $147 a barrel. "We still continue to pay an average of 26% sale tax without any relief whatsoever," he said. The airlines now have to pay oil marketing companies and Airports Authority of India in full, Mallya said, adding, "we have to generate enough cash to do so".
Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting