States and Union Territories lowering tax on jet fuel provided a huge fillip to the airline industry: Jyotiraditya Scindia – Airlines/Aviation News | Airlines

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The government’s efforts have resulted in 31 states and Union Territories now levying lower taxes on jet fuel, Union minister Jyotiraditya Scindia said on Saturday. This outcome has provided a huge fillip to the airline industry, which was seeing a V-shaped recovery after the COVID-19 pandemic, he added.

Stressing that the civil aviation sector provides enormous economic multipliers, he also said that greater connectivity has led to greater economic development.

He said that after becoming the civil aviation minister, he reached out to various states and UTs to reduce the value-added tax (VAT) on jet fuel.

At that time, only 12 states and UTs were having 1-4 per cent VAT on the jet fuel, he said and added that the rest were charging between 20 and 30 per cent. Today, the minister said, 31 states and UTs are charging a VAT of 1-5 per cent on ATF.

During the COVID-19, the civil aviation sector was greatly impacted, and flight services were stopped for a certain period.

After the pandemic, the sector has rebounded nicely. The domestic air traffic is showing upward movement. Greater connectivity has led to more prominent economic growth.

For example, in Srinagar, due to the lowering of the tax on ATF, the earnings have gone up by 25-30 per cent, the minister said. He was speaking at an event organised by the society Rambhau Mhalgi Prabodhini.

For an airline, Air Turbine Fuel (ATF) accounts for around 40 per cent of the operational costs…

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