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: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: due date for vat payment :: VAT RATES :: TDS :: VAT Audit :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
VAT (Value Added Tax) »
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation
 HC seeks Delhi, centre reply on restaurants charging excess VAT, service tax
 Shakti Autos booked for evading VAT, bogus sales
 VAT sops to IOCL Paradip refinery hits Odisha revenue growth
 Government to announce new VAT rates in October
 World Wide Gst, Vat, Sales Tax Rate
 Article on Transition Process of Registrations under VAT / Service Tax Laws to GST Law

Govt decision to slash VAT boosts air links with city
December, 02nd 2013

Two days after the state cabinet slashed the Value Added Tax (VAT) on Air Turbine Fuel (ATF) from 20 per cent to five per cent, requests have poured in from both international and domestic carriers to operate from the Biju Patnaik International Airport.

While Air Arabia is the latest international carrier to express an interest in operating from the airport after the November 27 decision by the state government, on Saturday, Indigo airlines has also sought the airport authorities' permission to add five additional flights to its present fleet of nine flights.

Earlier, Qatar Airways for Abu Dhabi, Silk Air for Singapore, Indigo for Bangkok and Fly Dubai, which operate direct flights from the airport, had approached the authorities.

"For permission to operate flights from here, the fliers will have to submit their schedules to the Director General of Civil Aviation (DGCA), which will be forwarded to us," said airport director Sharad Kumar. He informed that verbal communication with the airline officials is underway and international operations are expected to begin by the first week of January.

The reduction of the VAT and AVGAS to five per cent will initially be effective for a period of five years, said sources. "Air connectivity is likely to be streamlined and made affordable after the slash. More places will be connected to Bhubaneswar as fliers, who were earlier reluctant to refuel here, will find it cost effective," said a state government official.

The state government on November 4 had expressed keenness to reduce VAT on ATF, after the chief minister promised to lower the rate from 20 per cent to four per cent during the inauguration of new domestic terminal in March. Although the move is expected to attract international carriers, it will cost the state nearly Rs 20 crore in the process.

The airport authorities are hopeful that though Odisha sees few foreign tourists now, there will be a 25 per cent increase in its air-passenger flow after commencement of international operations. International operations will help increase the number of foreign tourists to one lakh. Last year, of the 65,000 foreign travellers who visited the state, only 3,800 came by air, said sources.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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