Trade body CTI urges Delhi CM to reduce VAT on aviation turbine fuel

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Trade body CTI urges Delhi CM to reduce VAT on aviation turbine fuel - Business Standard

Quick Summary:

The Chamber of Trade and Industry (CTI) on Monday wrote a letter to Delhi Chief Minister Rekha Gupta, urging a reduction in Value Added Tax (VAT)on Aviation Turbine Fuel (ATF) to prevent a shift of air passengers to Noida's Jewar Airport.

CTI General Secretary Gurmeet Arora emphasised that the lower tax in UP will significantly reduce operational costs for airlines, potentially leading to lower airfares at Jewar Airport compared to Delhi's Indira Gandhi International Airport.

CTI Chairman Brijesh Goyal said the high VAT on ATF in Delhi is making flight operations costlier, which could lead airlines to prefer Jewar Airport in Uttar Pradesh.