Tag: Value Added Tax

ScIndia On Cut In Vat

Scindia Writes To Three Oppn-Ruled States Requesting Cut In VAT On Aviation Fuel

By LokMarg

Civil Aviation Minister Jyotiraditya Scindia has written to the chief ministers of Tamil Nadu, Bihar, and West Bengal — three Opposition-ruled states, asking them to reduce value-added tax (VAT) on air turbine fuel (ATF), sources said.

The Ministry will also reach out to Assam and Delhi NCT on reducing such tax on aviation fuel, the sources added.
The minister requested these states to reduce VAT to 1-4 per cent. Significantly, the three states in question haven’t reduced VAT on Aviation Turbine Fuel.

Currently, VAT on aviation fuel in these states range between 23.65-29.00 per cent.

The minister emphasized the need to reduce the existing VAT/Sales Tax on ATF to 1-4 per cent with immediate effect at all airports.

Even earlier, the Civil Aviation Minister had written to several states to reduce VAT on ATF, many of which have reciprocated while many are yet to decide.

According to aviation industry sources, the letter to those states has been written at a time when high airfares are recorded in some select routes — apparently due to the grounding of Go First operations as it filed for insolvency in early May.

The Ministry has been repeatedly urging airline companies to reduce airfares. (ANI)

Read More: http://13.232.95.176/

Jitu Vaghani Announces 2 Free LPG Cylinders A Year To Gujarat Households

By LokMarg

Gujarat Education Minister Jitu Vaghani on Monday announced the state government’s decision to give 2 free cylinders in a year to each household in the state.

Announcing this, Vaghani said that the citizens and housewives would get a relief of Rs 1,000 crore. In addition, the minister said the state government had taken the decision to give two cylinders for free in a year. He said the decision had been Gujarat taken keeping in mind about 38 lakh housewives. With as much relief as Rs 650 crore decided for this scheme, a sum of up to Rs 1,700 can reach the homes or pockets of the public, the minister said.
The minister also announced a 10 percent value-added tax (VAT) reduction on compressed natural gas (CNG) and piped natural gas (PNG) by the government on Monday.

He said that if we consider a 10 percent reduction in CNG, there would be a benefit of Rs 6-7 per kg. Similarly, on PNG, there is going to be a benefit of Rs 5-5.50 per kilo, the minister said. He termed this announcement of the state government as massive and also considered it a Diwali gift by the state government. He said it would benefit the beneficiaries of the Pradhan Mantri Ujwala Yojana. He added that the full amount will be credited directly to their accounts. (ANI)

Read More:http://13.232.95.176/