New Delhi, May 24, 2018: The aviation ministry is pushing for inclusion of aviation turbine fuel (ATF) or jet fuel in GST. Jet fuel prices have risen 40% from January 2017 to May. Aviation secretary R N Choubey will meet revenue secretary on Tuesday to make this request as higher jet fuel prices are impacting airlines — and in turn passengers through rising fares — dearly.
The aviation ministry will cite the example of bunker oil which was carved out of the oil basket to be put in GST. Airlines expect annual relief of Rs 3,000-5,000 crore by input tax credit if ATF is included in GST according to timesofindia.indiatimes.com.