The decision was announced by Maharashtra Deputy CM Devendra Fadnavis while presenting the state Budget 2023-24.
With this, Maharashtra joins the league of total 19 states/UTs that have rationalised VAT rates in the last 1.5 years
The Maharashtra government on Thursday announced to reduce value-added tax (VAT) on jet fuel, or aviation turbine fuel (ATF), from 25 per cent to 18 per cent in Mumbai, Pune and Raigad. The decision was announced by Maharashtra Deputy CM Devendra Fadnavis while presenting the state Budget 2023-24.
“I thank Maharashtra CM @mieknathshinde Ji & Depy CM @Dev_Fadnavis Ji for taking the progressive decision to reduce VAT on Air Turbine Fuel from 25 per cent to 18 per cent. In a scenario of high fuel prices, this step will prove to be a catalyst in our efforts to ramp up air connectivity,” Union Minister for Civil Aviation Jyotiraditya Scindia said in a tweet on Thursday.
I thank Maharashtra CM @mieknathshinde Ji & Depy CM @Dev_Fadnavis Ji for taking the progressive decision to reduce VAT on Air Turbine Fuel from 25% to 18%. In a scenario of high fuel prices, this step will prove to be a catalyst in our efforts to ramp up air connectivity.1/3
— Jyotiraditya M. Scindia (@JM_Scindia) March 9, 2023
In Maharashtra, except Mumbai, Pune and Raigad, VAT on ATF is 4 per cent. However, it was high at 25 per cent for Mumbai, Pune and Raigad. These cities account for considerable air traffic.
He also said, “With this, Maharashtra joins the league of total 19 states/UTs that have rationalised VAT rates in the last 1.5 years. Alongside enhanced connectivity for Mumbai, Pune & Raigad, this will also make travel more affordable, and boost growth.”
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