News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
Sales Tax »
 Selling inherited gold? Income tax rules you should know
 How do you decide capital gains tax on property sale?
 How is long-term capital gains tax on sale of property calculated
 GST dept probe on Mismatch in Sales Tax Return and E-Way Bill
 Clarification on Cash sale of agricultural produce by Cultivators/Agriculturists
 Short-term capital gains are taxable at income tax slab rates in the year of sale
 India imposes regressive nationwide sales tax
 Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).
 Assam government to dismantle all sales tax check-gates post Goods and Services Tax
 Income tax: How to calculate capital gains tax on sale of old jewellery
 Six arrested for posing as Sales Tax officers, extorting money

Delhi govt to consider sales tax cut on ATF: CM
January, 16th 2009

The Delhi government would consider reducing sales tax on jet fuel as was being sought by the cash-strapped airline industry, Chief Minister Sheila Dikshit said on Friday.

Her comments came at a seminar on aviation when Kingfisher Airlines chief Vijay Mallya urged her to consider reducing the tax on aviation turbine fuel to four per cent -- a demand backed by Civil Aviation Secretary M Madhavan Nambiar, who was also present.

"I am not promising you anything. But let me see how we can help you. I have been informed that the (tax has been reduced in Mumbai, Hyderabad and some other places). I will try to do that but let me see how we can do it," Dikshit said in an impromptu response.

Some such steps were required to be taken as Delhi had become a hub for international passengers and enjoyed a high load of domestic air traffic, the Chief Minister said.

The current sales tax on ATF is 20 per cent in Delhi, which accounts for almost 25 per cent of the total passenger traffic in India. The airlines do almost 20 per cent of the total fuel tankering from the national capital and industry sources believe this could rise to 25 per cent or more if the tax rates are slashed.

The Delhi government had last year asked airlines to give a detailed note on how much fuel intake would rise if the taxes were reduced. The prime concern of the state government is to see that its revenue generation potential is not affected by the tax cut.

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting