From 25%, Mp Govt Reduces Vat On Atf To 4%

From 25%, MP Govt Reduces VAT on ATF To 4%

Bhopal : , November 17, 2017 – The Madhya Pradesh government decided to lower the Value Added tax (VAT), on Aviation Turbine Fuel, (ATF), to 4 per cent at Bhopal (and Indore) airports.
The move is aimed to enhance air connectivity which will help bring down airfares.

 From 25%, Mp Govt Reduces Vat On Atf To 4%-TeluguStop.com

This move will increase air connectivity, which in turn will lower airfares.As per a senior official at Bhopal’s Raja Bhoj airport, currently, VAT on ATF was 25 per cent at both Bhopal and Indore airports.

According to a Raja Bhoj airport official, the current VAT rate on ATF at Bhopal as well as Indore airports was 25%.

The decision to slash VAT on ATF was taken in a cabinet meeting held on Tuesday, though it was announced by Chief Minister Shivraj Singh Chouhan on Wednesday.Although the decision to reduce VAT on ATF was made in a cabinet meeting on Tuesday, it was also announced Wednesday by Chief Minister Shivraj Sing Chouhan.

“Happy to share that after giving relief to the people on petrol and diesel, my govt have decided to reduce VAT on ATF to 4 per cent at Bhopal and Indore.

My government has decided to lower the VAT for ATF from 4% at Bhopal to 4% in Indore, after providing relief to people who were suffering with petrol and diesel prices.This decision will encourage airlines to increase their frequencies and add new routes from MP,” Chouhan said in his official twitter handle.

Chouhan stated in his official Twitter handle that this decision would encourage airlines to add more routes and increase frequency from MP.

The VAT on ATF at three other airports in the states – Gwalior, Jabalpur and Khajuraho is at 4 per cent, in the same line, the state government has decided to rationalise at Bhopal and Indore too by reducing it from 25 per cent to 4 per cent, the government said in an official communication on Wednesday.In an official communication, Wednesday’s government stated that the VAT at ATF in three other states, Gwalior Jabalpur, Khajuraho and Khajuraho, is at 4%.The state government also decided to reduce the tax at Bhopal, Indore, and Jabalpur from 25% to 4%.

Sources said the move came following Union Civil Aviation Minister Jyotiraditya Scindia’s recommendation.According to sources, the decision was made in response to Jyotiraditya Scindia, Union Civil Aviation Minister.

Scindia had earlier written to Shivraj Singh Chouhan demanding that VAT on ATF in Madhya Pradesh be reduced to a uniform 4 per cent to attract more flights to his home state.Scindia had previously written to Shivraj Sing Chouhan requesting that the VAT on ATFs in Madhya Pradesh is reduced to a uniform 4% to increase flight numbers to his state.

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Disclaimer : TeluguStop.com Editorial Team not involved in creation of this article & holds no responsibility for its content..This Article is Provided by IANS, Please contact IANS if any issues in Article .


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