Shares of aviation companies such as InterGlobe Aviation (IndiGo) and SpiceJet are expected to remain in focus today, as the government may discuss bringing aviation turbine fuel (ATF) under the Goods and Services Tax (GST) regime at the 55th GST Council meeting. This move, if implemented, could have a significant impact on the aviation sector.
Shares of aviation companies like InterGlobe Aviation ( IndiGo ) and SpiceJet are likely to remain in focus today as the government, in its 55th GST Council meeting, may consider bringing ATF under the GST's ambit.
As ET reported earlier, the 55th GST Council meeting is likely to discuss the possibility of bringing aviation turbine fuel (ATF) under the Goods and Services Tax (GST) regime, a significant development for the aviation sector.
Incorporating ATF into the GST framework could deliver significant benefits to airlines, potentially boosting their operational efficiency and cost savings.
ATF, also known as Jet Fuel, is a clear and highly flammable petroleum distillate.
It is delivered to parked airplanes and helicopters using specially designed refueling vehicles.
Aircraft refueling is carried out by two techniques: Overwing and Underwing methods.
Union Finance Minister Nirmala Sitharaman , alongside representatives from all states and union territories, will convene the GST Council in Jaisalmer on December 21. Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Cryptocurrency Made Easy: Cryptocurrency Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.
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However, it has not yielded any results.
Also read: Large-caps likely to deliver better risk-adjusted returns Last year in March, the Maharashtra Government reduced the value-added tax (VAT) on ATF to 18% from 25%. This announcement was made by then Maharashtra deputy chief minister Devendra Fadnavis (now CM), while presenting the state budget.
Delhi is among the few states that still charge a very high tax of 25% on jet fuel.
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