States urged to cut VAT on aviation turbine fuel

Hyderabad | Friday | 9th March, 2018

Summary:

more-inWings India 2018 took off on Thursday with a top official of the Union Civil Aviation Ministry highlighting how the sector could get a big boost with States reducing value-added tax on aviation turbine fuel and Telangana responding positively to the suggestion. Telangana wanted to make Warangal airport functional to give boost to the mega textile park and IT hub launched there, he said. The total amount collected by States [from the levy] is about ?3,000-4,000 crore in a year,” Secretary to the Ministry R.N. It wanted to play host to the MRO centres, staff training centres and technology development centres of more airlines. He said this while urging the Secretary to consider establishing a centre of National Aviation University at the Begumpet airport..