VAT reduced on ATF
India, Aug. 2 -- The Council of Ministers on Friday gave its approval to continue concessional rate of value added tax (VAT) at the rate of 1% in place of 20% on aviation turbine fuel (ATF) sold at all airports across the state to promote regional air connectivity and allied aviation activities. An official spokesperson said the revised notification aligned with the Ministry of Civil Aviation's UDAN scheme and the tripartite memorandum of understanding (MoU) signed in 2017....
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