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Punjab cabinet slashes VAT on Aviation Turbine Fuel

Posted on Nov 22, 08:58PM | UNI

In a bid to boost the civil aviation industry and tourism in the state, the Punjab Cabinet today slashed the rate of VAT to 5.5 per cent (plus 10 per cent surcharge) on the Aviation Turbine Fuel (ATF) supplied to the scheduled and non-scheduled airlines operating at Ludhiana, Amritsar, Bathinda and Pathankot airports in the state.

A decision to this effect was taken by the Cabinet in its meeting held under the Chairmanship of Punjab Chief Minister Parkash Singh Badal here.

Stating this here today, a spokesman for the Chief Minister's Office said the decision would not only ensure affordable and comfortable travel to the passengers but would also make these airports attractive destinations.