Current Affairs Exam

To boost growth, cut aviation turbine fuel VAT: Jyotiraditya M Scindia

Union civil aviation minister Jyotiraditya MScindiaon Tuesday made yet another appeal toAssamand seven other states and UTs to bring downVATon aviation turbine fuel to the range of 1%-4%, so that barriers to Growth are removed.
He said currently 28 states and Union Territories have VAT on jet fuel in the range of 1-4%. New growth to come from Tier 2 and 3 cities, he said, underlining the need to bring down entry barriers in the context of high VAT on jet fuel in some states.

Almost a year ago, Scindia had appealed to states and UTs having VAT on ATF above 4% to bring it down, but eight states Assam, Goa, Delhi, Maharashtra, West Bengal, Rajasthan, Bihar and Nadustill have a high VAT on jet fuel.

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