 "Devendra Fadnavis")
The Maharashtra government on Thursday announced reducing the value added tax levied on aviation turbine fuel (ATF) to 18 per cent from 25 per cent, giving relief to domestic carriers.
The new rate will be applicable in Mumbai, Pune and Raigad districts, deputy chief minister Devendra Fadnavis announced in his budget speech. Maharashtra levies 4 per cent VAT on ATF in districts except Mumbai and Pune.
Mumbai is India’s second busiest airport with 315 domestic departures daily. Pune ranks among the top ten busiest domestic airports. Raigad doesn’t have a functional airport but the upcoming Navi Mumbai airport is in
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