Tamil Nadu cuts VAT rate on aviation turbine fuel at Chennai airport from 29% to 16%
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4 Articles
Tamil Nadu cuts VAT rate on aviation turbine fuel at Chennai airport from 29% to 16%
It has also reduced the VAT for scheduled airlines fuelling at airports other than Chennai from 29% to 1%. The rate has been reduced from 5% to 1% for scheduled airlines operating aircraft with a maximum take-off mass of less than 40,000 kg and fuelling at airports other than Chennai
The Tamil Nadu government has issued new orders exempting certain petrol and diesel retailers in Tamil Nadu from registration and significantly reducing the tax rate on aviation fuel at Chennai airport. This means that the VAT rate on aviation fuel collected while refueling scheduled airlines at Chennai airport has been reduced from 29 percent to 16 percent. The tax reduction will come into effect from midnight of November 1.
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