How airlines can cut costs: Suresh Prabhu makes the case for ATF under GST
Pitching for inclusion of Aviation Turbine Fuel (ATF) in the Goods and Services Tax (GST) regime, Union Minister Suresh Prabhu said the move will help cut the cost as airlines would get input tax credit
Airlines could expect an annual relief of up to Rs 5,000 crore by way of input tax credit if the ATF is brought under the Goods and Services Tax. Image source: PTI