Delhi Slashes Tax on Aviation Fuel Amid Global Uncertainty
The Delhi government has reduced the VAT on aviation turbine fuel from 25% to 7%. This initiative, driven by global fuel uncertainty due to conflict in West Asia, aims to benefit airlines and passengers. The decision was announced during a Cabinet meeting led by Chief Minister Rekha Gupta.
In a significant financial decision, the Delhi government announced a reduction of the value-added tax on aviation turbine fuel from 25% to 7% on Saturday. This policy shift is expected to provide relief to airlines and passengers alike.
The announcement was made following a Cabinet meeting led by Chief Minister Rekha Gupta. The move is seen as a response to ongoing global fuel uncertainties caused by the conflict in West Asia.
Officials believe this tax cut will help stabilize the aviation industry during these turbulent times, offering financial relief to carriers while potentially leading to lower costs for travelers.
(With inputs from agencies.)
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Delhi govt slashes VAT on aviation turbine fuel from 25 pc to 7 pc; move to benefit airlines, passengers: Officials.
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