Will discuss bringing aircraft fuel under GST in next meeting of GST Council: Nirmala Sitharaman
The Finance Minister said that rising global fuel prices is a matter of concern for all of us.
New Delhi:
Finance Minister Nirmala Sitharaman said on Sunday that the Center will discuss the issue of bringing aviation fuel (ATF) under the ambit of the Goods and Services Tax (GST) in the next meeting of the GST Council. The Finance Minister also said that rising fuel prices globally are a matter of ‘worry’. When the GST system was implemented on July 1, 2017, more than a dozen levies from the Center and states, five commodities – crude oil, natural gas, petrol, diesel and ATF – were kept out of its purview.
read also
Government proposes to change the provisions of TDS on sale of immovable property
Sitharaman said in a post-Budget discussion with Assocham on Sunday that the final decision will be taken by the council about the inclusion of ATF in the GST. “It is not only in the hands of the Centre, it will be sent to the GST Council. It will be included in the subjects of the next council meeting so that it can be discussed.
The Finance Minister was reacting to the views of SpiceJet founder Ajay Singh, in which Singh sought the Union Finance Minister’s support to bring ATF under the ambit of GST.
Singh had said, “Oil has reached 90 dollars, rupee is at 75 level against dollar, so the civil aviation sector has been affected a lot. Your support (to bring ATF under GST) will be very helpful.” These taxes have also been increased due to rising oil prices.
The Finance Minister said, “Definitely not only for the airline, but the rising global fuel prices are a matter of concern for all of us, yes this concern is a bigger concern for the airlines because they have not fully recovered after the pandemic.” Sitharaman said that she will talk to banks about what can be done for the airline sector.
Proposal for additional excise duty on petrol and diesel without ethanol, what will be the effect on the pocket of the common man
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)