Surprise! ATF may come under 18% GST bracket, but Jet Airways, SpiceJet, IndiGo in tailspin
The Finance Ministry is planning to include ATF under 18 per cent tax bracket of GST, a source told Zee Business TV. However, it is unclear exactly how such a move can impact airfares. Expectations are that the benefits would be passed on to flyers.
Suresh Prabhu had earlier said that the move will help cut costs as airlines would get input tax credit. Image source: Reuters