In a respite for airlines, the state government of Maharashtra has announced to reduce value added tax on aviation turbine fuel to 18%, a reduction of 28% from the current level of 25%. This was announced by Maharashtra Deputy Chief Minister Devendra Fadnavis, while presenting the state budget on Thursday.
Source: www.livemint.com
Latest Posts in "India"
- India’s GST Council Recommends Tax Exemptions, Simplified Structure, and Rate Reductions Effective September 22
- Nirmala Sitharaman Explains GST Reforms Using Popcorn Example to Highlight Classification Challenges
- GST Overhaul: Cheaper Small Cars, Bikes; Higher Tax on Premium Vehicles from September 22, 2025
- GST Revamp: 40% Tax on Sin Goods and Luxury Items Explained
- GST Council Unveils Next-Gen Reforms: Export Services, Refunds, Tribunal, and Rate Simplification
