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: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: VAT RATES :: articles on VAT and GST in India :: TDS :: empanelment :: due date for vat payment :: list of goods taxed at 4%
Sales Tax »
 Insurance Agency Mergers and Acquisitions in Q1 "Explode," OPTIS Partners' Report Reveals
 Sales tax sleuths raid spare parts shops in Meerut's infamous Sotiganj market
 Income Tax: How offshore income could be taxed twice
 India finalises bills to launch new sales tax in July
 NMC to implement new tax system from Apr 1a
 13 per cent sales tax boost post demonetisationa
 Arun Jaitley May Lower Corporate And Income Tax Rates But Hike The Service Tax Rate
 Tax on high seas sales becomes dispute area
  State extends GST enrolment deadline
 State extends GST enrolment deadline
 To protect its status, state forms panel to draft legislation on GST

Airlines hope for states to cut taxes on ATF
June, 07th 2008

Crisis ridden aviation industry is pinning its hopes on the same generous gesture for jet fuel from states as demonstrated by Kerala in lowering taxes on petrol and diesel to cut operational cost.

Even though Indian carriers described the Centre's decision to cut price of aviation turbine fuel as "insignificant", industry sources said the "marginal" reduction of four per cent would not affect fares or fuel costs.

However, if state governments too slashed the high sales tax on ATF, the impact on airlines' operating costs would be more, the sources said.

Besides Thursday's cuts in duties on ATF announced by the Centre, only Andhra Pradesh and Maharashtra have reduced sales tax rate to four per cent. Kerala, in this year's budget, has also announced a proposal to reduce it from 28.75 per cent to four and the budget is yet to be passed.

Maharashtra, however, has excluded airports in Mumbai and Pune, which cater to most of the air traffic, from the reduction and the tax rate there remain at 25 per cent.

The highest sales tax rate of 30 per cent is in BJP-ruled Gujarat, followed by 29 per cent in Bihar and Tamil Nadu and 28.75 in Madhya Pradesh. The rate in Karnataka and Rajasthan is 28 per cent.

The Civil Aviation Ministry has been pressing the Centre to recognise ATF as a 'declared good' which would enable imposition of a flat four per cent tax on it.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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