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) | 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
Latest Expert Exchange
Sales Tax »
 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
 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

Indian states defer tax cut on jet fuel
June, 26th 2008

Indian states have deferred the decision to revise a sales tax on aviation turbine fuel, seeking fresh details from the federal government.

The states once again have deferred the decision to review the issue of sales tax on aviation turbine fuel and have asked the federal government to provide some fresh details, The Tribune (NYSE:TXA) newspaper reported Wednesday.

The officials from the civil aviation ministry had asked the states to lower the sales tax on ATF before the meeting of Empowered Committee of State Finance Ministers in Srinagar in northern Jammu and Kashmir state. However, the issue remained unresolved as the states asked for some new details from the federal government.

The panel last week asked the civil aviation ministry to explain how ATF prices were fixed before they could decide to reduce sales tax on jet fuel.

India's government-run and private airlines have been demanding the tax on aviation fuel be reduced to 4 percent. States had been asked by the federal government to consider cutting sales tax on jet fuel to help airlines tide over huge losses due to rising fuel costs.

The aviation industry feels that states are unlikely to make a favorable decision. This means the woes of the airline industry are not going to end soon and passengers may see another hike, though not immediately, said an official of a private airline.

The past four hikes in jet fuel prices have made fuel costs account for more than half of airlines' operating costs, because of which passengers have seen a substantial hike.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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