Budget 2011: ATF should be brought under the ambit of GST Act; says, ASSOCHAM
9th Feb, 11, Economics Times
GST is intended to bring the taxation of goods and services across various states under a unified tax structure.
Currently the difference in tax structure and tax rates result in heavy cost for taxpayers in certain states. In case of Aviation Turbine Fuel (ATF) where the tax rates substantially vary from state to state.
Indian aviation industry, being price sensitive, is adversely affected due to the vast difference in ATF taxation. Currently, ATF is not covered under the GST Act .
ASSOCHAM has recommended in its pre-budget memorandum that that Aviation Turbine Fuel should be brought under the ambit of Goods and Service Tax Act which will ensure uniform ATF taxation across the country.
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